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Ref: MLSC1086142
Property marketed by The Property Group
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We are honoured to have been asked to offer for sale a substantial commercial premise located in a prime commercial street in the centre of Pizarra pueblo The premises extends to 103m2 and occupies the ground floor of a traditional town house Formerly exploited by a high street bank the property is currently divided in to a large open plan area with a private office sectioned off to the front of the property and a large store room section off to the rear There is also a bathroom to the rear The size and location of this property offer a great opportunity for any buyer to exploit it for a variety of uses such as a shop, restaurant or office premises The property currently pays commercial rates of IBI (municipal taxes) but is registered in the title deeds as a residential property, suggesting that it should be relatively easy, subject to appropriate licenses, to convert the property back in to one or more residential units The property does require some cosmetic modernization and this is reflected in the asking price of 75000€
Property Features
- 0 bedrooms
- 1 bathroom
- 112m² Build size
- Air Conditioning Hot/Cold
- Entrance Hall
- Electric Hot Water
- Ground Floor
- Internet
- Mains Sewage
- Off Road Parking
- Separate WC
- Shower Room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
4,500€
Final Payment of 90% on completion
67,500€
Property Purchase Expenses
Property price
75,000€
Transfer tax 10%
7,500€
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.