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Property marketed by The Property Group
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Fantastic Investment Opportunity!A rare and exciting opportunity to acquire a fully licensed apartment building in the very heart of San Miguel de Salinas, a well-established and sought-after area for its strong, year-round rental demandThe building comprises three apartments and a basement space with excellent potential to be converted into an additional apartment There's a spacious one-bedroom apartment featuring a large 79m² private terrace, along with two bright, well-appointed two-bedroom apartments, each with their own generous 79m² terraces With a full rental license already in place and an established presence on key booking platforms, this is a prime opportunity in a thriving location Situated within walking distance to shops, restaurants, and all essential amenities, it's ideal for investors looking to expand their portfolio, launch a boutique holiday rental business, or secure a long-term asset in a desirable Spanish town with proven rental demandThis versatile property presents multiple income streams and flexible usage options, whether for long-term rentals, holiday lets, or future resale It is currently listed and actively generating bookings through popular online rental portals, offering immediate returns for the savvy investor
Property Features
- 5 bedrooms
- 3 bathrooms
- 284m² Build size
- Air conditioning
- Laundry Room
- Near schools
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
31,000€
Final Payment of 90% on completion
305,999€
Property Purchase Expenses
Property price
339,999€
Transfer tax 8%
27,200€
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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Spanish Property News & Updates by Spain Property Portal.com
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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.