3 bedroom Commercial Property for sale in Torrevieja, Alicante, Spain

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Ref: ADE4696X

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Ref: CBS3-TV-SPC/AD12515 Corner Apartament/Commercial in Play Los Locos Torrevieja - A commercial Unit that has always been used as an Apartment - Large Living Room - Kitchen - 3 Bedrooms - 2 Bathrooms - Patio - €125,000 Euros CORNER FLAT 2nd LINE TO PLAYA DE LOS LOCOSNEEDS RENOVATION BUT IT IS A VERY GOOD INVESTMENT IN SQUARE METERS, LOCATION AND ORIENTATION (117m2)SOLD WITH THE APPROVED AND PAID ASSESSMENT OF ALL THE PILLARS OF THE BUILDINGIT HAS ALWAYS BEEN USED FOR HOUSING USE.DISTRIBUTION:VERY LARGE LIVING ROOMAMERICAN KITCHEN3 BEDROOMS2 BATHROOMSPATIO

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Property Features

3 bedrooms
2 bathrooms

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

9,500€

Final Payment of 90% on completion

112,500€

Property Purchase Expenses

Property price

125,000€

Transfer tax 8%

10,000€

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:

125,000€

Deposit:

€

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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.

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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%.