Commercial Property for sale in Alora, Málaga, Spain

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Ref: MLSC2663842

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Opportunity to acquire this 180 m2 premises either to run it as a bar or to transform it into a house (machinery and furniture not included in the price) This bar is situated in the historic plaza de la Despedia in Alora and 10 kms from Caminito del Rey El Chorro has benefited from substantial investment from both central Spanish government and Europe to reinstate and develop the famous "Caminito del Rey" into, what is a major tourist attraction The scenery is quite breathtaking with some stunning mountains and rock formations It is a very popular area for tourists who wish to enjoy outdoor pursuits such as walking, bird watching, horse riding, hang gliding, landscape painting and particularly rock climbing Álora is about 15 minutes drive from the property Álora is a busy market town with a population of around 13,500 and it has all local amenities such as schools, shops, health centre, sports centre, theatre etc It is located 38km inland from Malaga city and international airport and has excellent communication links both by road and train It is an excellent base for day trips to all of the major cities of Andalucia such as Seville, Cordoba, Malaga, Granada, Cadiz and Jerez

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Property Features

0 bedrooms
0 bathrooms
180m² Build size
220m² Plot size
Good Motorway Access
Mains Electricity
Mains Water
Train Station Nearby

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

6,000€

Final Payment of 90% on completion

81,000€

Property Purchase Expenses

Property price

90,000€

Transfer tax 10%

9,000€

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:

90,000€

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* 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%.