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This is an excellent property with a lot of possibilities for those who wish to invest in it.
It consists of a complete building in a central area of Torrevieja, within walking distance of the sea, shopping and leisure areas and all the possibilities offered by a large coastal city both in summer with tourists and international residents, and in winter for local residents.
The property is divided into:
Ground floor with entrance hallway to stairs leading to the whole building and large open plan garage for several vehicles, a bathroom and a storage room, all with exterior windows and natural light.
On the mezzanine floor is the house nº 1, with 4 bedrooms, two bathrooms, living-dining room, independent kitchen, interior patio and laundry room.
On the first floor is the house nº 2, with another 4 bedrooms, two bathrooms, living-dining room, independent kitchen, patio-laundry room and large balcony.
On the third floor there is a terrace-solarium that occupies the entire roof of the building itself.
The property despite having been built a few years ago, has good qualities and is in perfect condition, taking it as a basis, update it and get to make luxury homes for private use or make them profitable by converting them into tourist homes and get a return on them.
The plot where it is located is worth mentioning, where given its proximity to the sea, once the existing one is demolished, a new building could be constructed with a greater height and number of houses.
Property Features
- 10+ bedrooms
- 4 bathrooms
- 441m² Build size
- 146m² Plot size
- Garage
- Solarium
- Terrace
- Wardrobes cupboard
- Storeroom
- Kitchen Indep.
- Light
- Water
- Apart. Separate
- Mirador
- washing room
- Pantry
- Double garage
- Illuminated
Costing Breakdown
* 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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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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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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