Other for sale

Other for sale

Torrevieja, Alicante
70,000
 
1 / 0

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Ref: AG19MLSC7521829
Property marketed by Spain Property Shop S.L
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These ground-floor commercial premises, with an area of 95 m², offer an ideal investment opportunity for tourist accommodations, thanks to their prime location just 250 meters from Playa de Los Locos in Torrevieja, Alicante. Located in a high-visibility area with easy access, the premises are currently in their original state, allowing for complete customization and adaptation to the buyer's needs, whether for a commercial establishment or a project for tourist apartments. There is also the option to create an additional entrance from the building. With their proximity to the beach, these premises represent an excellent investment opportunity for those looking to capitalize on the growing demand for tourist accommodations in one of Torrevieja's most popular areas.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 95m² Build size
  • Near bus route

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,000€
Final Payment of 90% on completion
63,000€
 
Property Purchase Expenses
Property price
70,000€
Transfer tax 8%
5,600€
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.

Mortgage Calculator

Mortgage Amount:
70,000€
Deposit:
Interest Rate:
%
Period:
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.

Spanish Property News & Updates by Spain Property Portal.com

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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