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Ref: AG19145826
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On the 29th floor of Torre Lugano is this apartment with stunning panoramic views over all of Benidorm, the mountains and the sea. The Torre Lugano building is the 2nd tallest building in Benidorm with a total of 42 floors and a height of 158m. The apartment with a constructed area of 89m² has 2 bedrooms, 2 bathrooms, living room and a large terrace, where you can enjoy the sun and views. The apartment is oriented to the south. It is very well maintained and has a new Daikin air conditioner with WIFI from 2024. There are also 2 private parking spaces inside the building.The apartment has a tourist license and is almost always rented to tourists. It has its own website. The profitability is very very high with demonstrable income in 2022 of €26600, in 2023 of €29500, and estimated income for 2024 of between €31000 and €34000!! Website, furniture, accessories, customer base, ... All Inclusive!Torre Lugano in Benidorm has 2 large outdoor swimming pools, another swimming pool for children, a gym, a large garden with playground, tennis court, paddle tennis court and you can also play football and basketball.Torre Lugano has a doorman and video surveillance.
Property Features
- 2 bedrooms
- 2 bathrooms
- 89m² Build size
- Double glazing
- Veranda
- Satellite TV
- Parking, Garage
- Elevator
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
36,500€
Final Payment of 90% on completion
355,500€
Property Purchase Expenses
Property price
395,000€
Transfer tax 8%
31,600€
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.