Land for sale in Velez Malaga, Málaga, Spain

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Ref: SD31-49255

Property marketed by David Santiago Inmobiliaria

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This plot is located in one of the main avenues of Vélez-Málaga, Avenida Villa Madrid, in an industrial area. It has an area of 625 m2 and has the urban classification of "consolidated urban land", which means that it already has basic urban services, such as lighting, drinking water, sewerage and access to the road network. In addition, this land is developable and has a maximum allowable height of up to 12 meters, which means that there is great potential to build a multi-storey building. This is a great opportunity for those looking to invest in the area's real estate market. The location in the industrial estate is also a key factor for its commercial appeal, as it is an area that has a large number of companies, which means that there is a high demand for commercial and office spaces. In summary, this plot on Avenida Villa Madrid de Vélez-Málaga is an excellent investment opportunity for those looking to build a building in a well-connected area with a high demand for commercial and office spaces.

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Property Features

0 bedrooms
0 bathrooms
625m² Build size
625m² Plot size
Closeby : Restaurants/bars.
Closeby : School

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

43,000€

Final Payment of 90% on completion

414,000€

Property Purchase Expenses

Property price

460,000€

Transfer tax 10%

46,000€

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:

460,000€

Deposit:

€

Interest Rate:

Period:

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.

Spanish Property News & Updates by Spain Property Portal.com

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%.