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Ref: AG19MLSC6282163
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This unique development opportunity lies in the heart of San Pedro del Pinatar. The property offers significant potential for renovation or redevelopment into a spacious family home, multi-unit residence, or investment project.The existing building has a solid structure, including a large private rooftop terrace with open views over the surrounding area. This space offers excellent potential to create a chill-out zone or rooftop garden.Thanks to its central location, all amenities are within walking distance: shops, restaurants, schools, and the beaches of the Mar Menor are just a few minutes' drive away.Whether you’re an investor or looking to build a custom home from the ground up, this project presents a rare opportunity in one of the Costa Cálida’s increasingly popular areas.
Property Features
- 5 bedrooms
- 2 bathrooms
- Solarium
- Veranda
- Storage
- Unfurnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
20,900€
Final Payment of 90% on completion
215,100€
Property Purchase Expenses
Property price
239,000€
Transfer tax 8%
19,120€
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.