Other for sale in Torremendo, Alicante, Spain

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Ref: AG19MLSC2649104

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We present you a plot of land in the outskirts of Torremendo with a warehouse (registered on the deeds) with many possibilities, wether commercial or residential, this can be a great home for someome who likes tanquility or the perfect business as it has the space to do different trades, or can even be both at the same time . There is currently electric from the mains but not water. Price is fixed.

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Property Features

0 bedrooms
0 bathrooms
140m² Build size
5,066m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

9,000€

Final Payment of 90% on completion

108,000€

Property Purchase Expenses

Property price

120,000€

Transfer tax 8%

9,600€

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:

120,000€

Deposit:

€

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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%.