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Ref: W-046TB8
Property marketed by Engel & Voelkers Torrevieja - Orihuela
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First-floor apartment in a four-story building with an elevator and light well. Only one dwelling per floor. Originally, the apartment had two bedrooms, one facing outside and the other towards the light well, providing plenty of light and ventilation, and one bathroom. The very bright living room-kitchen faces a well-located street with access to all the town's central services, just a step away from the promenade and the new shopping center at the port. It is ideal for investors, both for renovation for sale and for rental. Currently, it is being used for a business activity and is ideal for those companies that need an office in the center of Torrevieja, near notaries, the town hall, etc…
Property Features
- 1 bedroom
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,800€
Final Payment of 90% on completion
124,200€
Property Purchase Expenses
Property price
138,000€
Transfer tax 8%
11,040€
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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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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