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Ref: 056191/6907
Property marketed by Canary Hogar
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How interesting! This plot in Varadero sounds like a great opportunity for a luxury project. The details you mention about high-end homes, swimming pools, penthouses with private elevators and underground parking spaces definitely point to an exclusive audience.~~With the price of €7,900,000 and the payment system (10% to reserve and 90% upon receiving the building license), it seems like a considerable investment, but the benefits of such a well-designed project in a location like Varadero could be very attractive.~~Plot area: 12,000 m2 Buildable area: 1.31 m2/ m2 Maximum occupancy: 40%~Maximum construction area: 13,100 m2~Use: 10,000 m2 residential + up to 3,000 m2 mixed (commercial/residential use)~Apartments: 55 apartments in two blocks divided into 4 floors.~LOCATION: Varadero, Alcala, Santa Cruz de Tenerife, Spain
Property Features
- 0 bedrooms
- 0 bathrooms
- 13,100m² Build size
- 12,000m² Plot size
- Light
- Water
- Vistas al mar
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
787,000€
Final Payment of 90% on completion
7,110,000€
Property Purchase Expenses
Property price
7,900,000€
Transfer tax 10%
790,000€
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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