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Ref: AG19138244
Property marketed by Spain Property Shop S.L
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We present a magnificent loft of modern design - currently used as an office - but it is easy to transform it into residential use by simply adding a kitchen on the ground floor. The property currently has another part attached with separate entrance which could be transformed into another house or another loft with separate entrance (currently used as a warehouse for machines and building materials). It would also be possible to extend the property to a three bedroom, two bathroom and a closed garage - depending on the needs. Another option would be to continue the use as an office for a company with storage needs, whereby the currently adjoining space could be used as a storage and archiving area. Companies such as parcel delivery, distribution, renovation, etc. Prices do not include taxes and purchase costs
Property Features
- 1 bedroom
- 1 bathroom
- 95m² Build size
- Heating, Central
- Elevator
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,000€
Final Payment of 90% on completion
126,000€
Property Purchase Expenses
Property price
140,000€
Transfer tax 8%
11,200€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.