12 bedroom Townhouse for sale in Arona, Tenerife, Spain

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Ref: 056151/6907

Property marketed by Canary Hogar

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Great Investment Opportunity – Complete Building in El Fraile with High Yields~We present this excellent investment opportunity in one of the most sought-after rental areas in southern Tenerife: a complete building in El Fraile, consisting of 6 independent apartments with horizontal divisions already completed.~~???? Building Features:~6 identical apartments, each with:~~2 bedrooms~~1 full bathroom~~Living room-kitchen~~Private balcony~~All apartments are currently rented~~Tenants up to date with payments~~Stable monthly rent: high profitability from day one~~Sold with tenants included, ideal for investors seeking immediate income~~????️ Unbeatable Location: El Fraile~Located in the best area of El Fraile, with all services within walking distance:~~???? School~~???? Local Police~~???? Health Center~~???? Supermarkets~~???? Bus Stop~~A consolidated area, with high demand for both short- and long-term rentals.~~✅ Why invest here?~Complete building with legal horizontal division~~Stable tenants and current payments~~Immediate profitability~~Strategic location with all amenities~~Excellent appreciation projection~~???? Do you have questions or would you like to schedule a visit?~Don't hesitate to contact us. We'd be happy to help!

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Property Features

12 bedrooms
6 bathrooms
350m² Build size
Balcon
telephone
Wardrobes cupboard
Light
Water
Furniture
Appliances
Solarium

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

60,000€

Final Payment of 90% on completion

567,000€

Property Purchase Expenses

Property price

630,000€

Transfer tax 10%

63,000€

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:

630,000€

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

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%.