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Property marketed by Selection Med

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A parking space is available in an underground community garage in Santa Eulalia del Río, in the Balearic Islands. This property represents an excellent opportunity for those seeking a convenient and secure solution for parking their vehicle in one of the most sought-after areas of the island.
The parking space has an area of 11.5 m², with dimensions of 4.5 meters in length by 2.50 meters in width, making it suitable for vehicles of various sizes. Access to the garage is straightforward, facilitating easy maneuvering both when entering and exiting.
The garage is for community use, ensuring a monitored and well-maintained environment. The underground location protects the vehicle from the elements and provides an added level of security compared to street parking.
This parking space is ideal for both residents and those who frequently visit Santa Eulalia del Río and wish to secure a fixed spot for their vehicle in a central and high-demand area.
The parking space has an area of 11.5 m², with dimensions of 4.5 meters in length by 2.50 meters in width, making it suitable for vehicles of various sizes. Access to the garage is straightforward, facilitating easy maneuvering both when entering and exiting.
The garage is for community use, ensuring a monitored and well-maintained environment. The underground location protects the vehicle from the elements and provides an added level of security compared to street parking.
This parking space is ideal for both residents and those who frequently visit Santa Eulalia del Río and wish to secure a fixed spot for their vehicle in a central and high-demand area.
Property Features
- 0 bedrooms
- 0 bathrooms
- 11m² Build size
- Communal garage
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,800€
Final Payment of 90% on completion
52,200€
Property Purchase Expenses
Property price
58,000€
Transfer tax 10%
5,800€
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.
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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.