Land for sale in Torrevieja, Alicante, Spain

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Ref: AG19MLSC6166346

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Magnificent historic building in L'Eliana located in the urban area, with a plot area of 5616 m2, housing 500m2 and 1000m2 that are maintained from what was formerly, a flour mill. A plot with many possibilities to build immediately, terraced houses in the town of La Eliana, next to the Socio-Cultural Center and ambulatory of La Eliana. Authentic opportunity for investors and entrepreneurs, both for its location and its historical importance.

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Property Features

0 bedrooms
0 bathrooms
5,616m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

247,000€

Final Payment of 90% on completion

2,250,000€

Property Purchase Expenses

Property price

2,500,000€

Transfer tax 8%

200,000€

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:

2,500,000€

Deposit:

€

Interest Rate:

Period:

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%.