2 bedroom Commercial Property for sale in Caudete, Albacete, Spain

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Ref: OCG-86704303

Property marketed by Olive Grove Estates

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This bar needs a full reform but was operating at a profit until Covid 19 hit. There are 3 floors 2 of which were being used for living accommodation. However there would be the possibility of extending the bar downstairs and having the toilets or pool room upstairs. It is in a central location and has a wonderful façade.

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Property Features

2 bedrooms
0 bathrooms
164m² Build size
Outside Space - Patio
Parking - On Street
Business Potential
Has Electricity
Has Telephone

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

800€

Final Payment of 90% on completion

34,200€

Property Purchase Expenses

Property price

38,000€

Transfer tax 10%

3,800€

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.

Mortgage Calculator

Mortgage Amount:

38,000€

Deposit:

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* 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%.