Commercial Property for sale in Playa del Ingles, Gran Canaria, Spain

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Property marketed by Anderssons.es

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*** Offered by Anderssons.es *** Opportunity to purchase a FREEHOLD restaurant and local on main street in Playa del Ingles.Dont pay rent!Situated on one of the main streets in Playa del Ingles. -Avenida de Tirajana.With direct access from the street, sunshine during the whole day, this property is ready to change ownership after many years in business.On the main street level, there is at the moment a covered seating area with a capacity for approx 40 guests, a very large teracce and a well-equipped kitchen. One floor down there are 2 toilets and storage areas.The properties could be rented out with a potential income of 5000 per month.Total squre meters 260. Low community cost of € 140 / month. Contact us for a viewing today!

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Property Features

0 bedrooms
0 bathrooms

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

69,000€

Final Payment of 90% on completion

648,000€

Property Purchase Expenses

Property price

720,000€

Transfer tax 10%

72,000€

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:

720,000€

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%.