Other for sale in Torrevieja, Alicante, Spain

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Ref: AG19140098

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Commercial premises in the center of Torrevieja that for the last 20 years has been operating with high profitability as a bar-restaurant. Close to the largest and most central banks, supermarkets and notaries in Torrevieja has made this bar the nerve center for all the lunches of the workers in the center of Torrevieja. This place, which has always worked at full throttle, is ideal for different types of businesses, although it can be guaranteed that it has always worked and will continue to work for bars. In addition, it is already prepared as can be seen in the photos for immediate operation. Very acceptable profitability for investors. Rental yields in recent years amounting to about 1500 Euros per month.

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Property Features

0 bedrooms
0 bathrooms
200m² Build size
Near bus route
Heating, Central

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

29,500€

Final Payment of 90% on completion

292,500€

Property Purchase Expenses

Property price

325,000€

Transfer tax 8%

26,000€

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.

Mortgage Calculator

Mortgage Amount:

325,000€

Deposit:

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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.