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Ref: ASK7150A
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The commercial Space consists of a set of business premises placed in one of Orihuela Costa’s main arterial route. A singular location near the mall Zenia Boulevard, as well as the principal commercial chains, shopping, professional and legal services. An emplacement with direct access to AP-7 and to N-322, that guarantees the growth of the zone in the medium and long term.Orihuela Costa belongs to Orihuela’s municipal district, in the south of the province of Alicante. The important tourist activity and the second residence in this zone has promoted the development of a great commercial area with activity 365 days of the year. “
Property Features
- 0 bedrooms
- 0 bathrooms
- 72m² Build size
- 89m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
18,000€
Final Payment of 90% on completion
189,000€
Property Purchase Expenses
Property price
210,000€
Transfer tax 8%
16,800€
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.