Land for sale

Land for sale

Torrevieja, Alicante
890,000
 
  • Land for sale
  • Land for sale
  • Land for sale
  • Land for sale
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Ref: AG19MLSC2213705
Property marketed by Spain Property Shop S.L
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Building plot on the second line of Playa del Cura – Unique opportunity in the heart of Torrevieja We exclusively present this magnificent building plot located in one of the most desirable areas of Torrevieja, just steps from Playa del Cura, one of the most well-known and busiest beaches in the city. This is an exceptional opportunity for both developers and investors looking to develop a large-scale project in the heart of the city center. The plot measures approximately 15 meters deep by 16.80 meters wide, offering a perfect surface area to optimize the construction of a modern and functional building. Its greatest added value is that it occupies the corner of three key streets, ensuring unbeatable visibility and light, as well as facilitating multiple access points. The land is designated as buildable up to four floors plus a ground floor, opening up a wide range of development possibilities: Construction of a high-value residential building with different types of homes. Tourist apartment project with great profitability potential thanks to its immediate proximity to the beach. Possible combination of commercial premises on the ground floor and residential units on the upper floors, thus maximizing the use of the strategic location. Its location on the second line of the beach makes it a very attractive asset, as it combines proximity to the sea with the dynamism of the city center. Supermarkets, restaurants, leisure areas, public transportation, and the Torrevieja promenade are just a few meters away, ensuring constant demand from both residents and visitors throughout the year. In short, this plot is one of the few opportunities available on the current market in such a privileged location. Ideal for those looking to invest in one of the most promising and profitable areas of the Costa Blanca.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 250m² Plot size

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
86,000€
Final Payment of 90% on completion
801,000€
 
Property Purchase Expenses
Property price
890,000€
Transfer tax 8%
71,200€
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.

Mortgage Calculator

Mortgage Amount:
890,000€
Deposit:
Interest Rate:
%
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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.

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%.

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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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