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Ref: AG19MLSC6039211
Property marketed by Spain Property Shop S.L
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We are offering a spacious commercial property with an upper-floor apartment, located at Calle Ramón y Cajal, 13, right next to the famous Paseo Vistalegre. This property has 263 m² of constructed space, distributed across a ground floor ideal for any type of business and an upper floor, perfect for potential residential use or storage. A major advantage of this property is its existing pub license, adding exceptional value for those interested in opening a hospitality or entertainment venue in one of Torrevieja’s busiest areas. Key Features: Prime location in a high-footfall area. Expansive ground floor with ample space to develop multiple business concepts. Upper floor with potential to be converted into a residence or office space. Valid pub license, allowing for immediate startup of hospitality activities. Unique facade design that enhances the property’s character and visibility. This property is ideal for those seeking a renovation project with excellent return on investment in one of Torrevieja’s most sought-after areas. Give this space new life and turn it into the business you’ve always dreamed of! For more information or to schedule a viewing, don’t hesitate to contact us.
Property Features
- 0 bedrooms
- 0 bathrooms
- 263m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
46,900€
Final Payment of 90% on completion
449,100€
Property Purchase Expenses
Property price
499,000€
Transfer tax 8%
39,920€
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.