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Property marketed by Ibizavende
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For sale, in the picturesque port of Formentera, are three commercial premises strategically located and ready to be occupied. Two of them are located on the ground floor, while the third is situated on the mezzanine floor, offering various options for entrepreneurs or investors.At approximately 50 square metres each, the mezzanine premises are available for €202,000, providing versatile space for a variety of commercial activities. On the ground floor, there is a unique opportunity with the option to purchase the two premises for €500,000 (not sold separately): one 30 sqm premises, with smoke vent and access through the entrance hall, and the other with direct access from the street, with a surface area of 50 sqm. These spaces offer an environment conducive to establishing a restaurant, taking advantage of the highly commercial location of the area.The acquisition of the three premises as a cohesive whole is possible for €730,000, constituting a strategic investment in an area of great tourist and commercial attraction. This unique opportunity offers the ideal setting to materialise business projects in one of the most exclusive destinations in the Mediterranean.
Property Features
- 0 bedrooms
- 2 bathrooms
- 110m² Build size
- Aire Acondicionado
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
66,000€
Final Payment of 90% on completion
621,000€
Property Purchase Expenses
Property price
690,000€
Transfer tax 10%
69,000€
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.
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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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