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Ref: ADE6384L
Property marketed by España Dream Properties

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Unique Investment Opportunity!. We present you an excellent investment opportunity in an urban plot located in the quiet and beautiful town of Felanitx. This property offers considerable potential to develop a bespoke project in a strategic location.. The property has a total area of 1262m2 and a façade of 31 meters providing a wide urban front.. It has building potential, the area is completely buildable, ideal for the construction of homes, commercial premises, restaurants, etc.... The plot does not currently have water or electricity supplies, but these services can be easily installed thanks to its urban location.. The property includes two large warehouses, a former distillery, a small shed and a ruined porch, all offering options for renovation or development.. The perimeter of the lot is closed with a mixed wall, which adds character and privacy.. The land is located in a quiet area and removed from the center of the town of Felanitx, this property combines the peace of the rural environment with the convenience of urban accessibility. Having access to medical centers, natural park, shops, bars, restaurants and has a distance of 13km to the beach.. Important information:. Additional costs such as notary fees, property registration and sales taxes are not included in the price.. Don't miss this opportunity to invest in a plot of land with high potential in a privileged place like Felanitx. Perfect for investors looking to develop a significant project in a growing area.
Property Features
- 0 bedrooms
- 1 bathroom
- 437m² Build size
- 1,262m² Plot size
- Storeroom
- water
- garden
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
27,000€
Final Payment of 90% on completion
270,000€
Property Purchase Expenses
Property price
300,000€
Transfer tax 10%
30,000€
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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.