Commercial Property for sale in Poris de Abona, Tenerife, Spain

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Ref: 057231/6907

Property marketed by Canary Hogar

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Commercial Space for Sale – San Isidro, Tenerife South~This spacious 100 m² commercial space is currently leased to an established business, making it an excellent investment opportunity with immediate profitability. The lease extends until the end of this year.~~???? Strategic Location:~Located in San Isidro, one of the busiest residential areas in southern Tenerife, the space enjoys excellent connections to the TF-1 motorway and is just minutes from Tenerife South Airport.~Located on the ground floor at street level, in a pedestrian-friendly area with easy access, it is part of a well-established residential complex and is located just off the main road leading to Granadilla.~~???? Space Features:~~Surface Area: 100 m²~~Location: Street level, with good visibility~~Toilet included~~Direct access from the pedestrian zone~~Ideal for various types of businesses~~???? Current Status:~~Leased to an operating business for several years~~Contract valid until the end of the year~~Possibility of continuing with the tenant or using the space for your own project

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Property Features

0 bedrooms
0 bathrooms
102m² Build size
telephone
Light
Water

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

9,600€

Final Payment of 90% on completion

113,400€

Property Purchase Expenses

Property price

126,000€

Transfer tax 10%

12,600€

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:

126,000€

Deposit:

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Interest Rate:

Period:

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%.