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Ref: AG19145826
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On the 29th floor of Torre Lugano, there is this apartment with stunning panoramic views over the sea and the city of Benidorm. The apartment has a surface area of 89m² with 2 bedrooms, 2 bathrooms, a living room, and a large terrace where one can enjoy the sun and the views. There are also 2 private parking spaces and 1 storage room within the building. The apartment is south-facing. It has been very well maintained and features a new Daikin air conditioning unit with integrated WIFI from the year 2024. The Torre Lugano building is the second tallest building in Benidorm, with a total of 42 floors and a height of 158m.The apartment has a tourist license and is almost always rented out to tourists. It has its own website. The profitability is very high with verifiable income of €26,600 in 2022, €29,500 in 2023, and €30,700 in 2024!! Website, furniture, accessories, client database... everything included!Torre Lugano in Benidorm features 2 large outdoor swimming pools, another pool for children, a gym, a large garden with a children's playground, a tennis court, a paddle court, and facilities for playing football and basketball.Torre Lugano has a concierge and video surveillance.
Property Features
- 2 bedrooms
- 2 bathrooms
- 89m² Build size
- Double glazing
- Veranda
- Satellite TV
- Parking, Garage
- Elevator
- Storage
- Fully furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
34,500€
Final Payment of 90% on completion
337,500€
Property Purchase Expenses
Property price
375,000€
Transfer tax 8%
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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