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Ref: OCG-32026224
Property marketed by Olive Grove Estates

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Fantastic opportunity to obtain a large amount of space in the very heart of Caudete for minimal outlay. We are delighted to present this unique property, which can be configured as two or three apartments, or as a combination of apartments and a commercial unit. The flexibility of the layout means there could be two spacious apartments, a shop, and even a small bedsit – offering a variety of income possibilities.
With a conservative estimated annual yield of around 12.5% when all units are rented, this is a sound investment opportunity. The two main apartments are identical, each offering 119 m² of living space. Both feature a small balcony and have access to a large shared sun terrace. Inside, you’ll find an open-plan kitchen-diner, a family bathroom, two double bedrooms, and an internal courtyard currently used as a utility area. The main bedroom, situated off the entrance hallway, enjoys a double-aspect layout that fills the space with natural light and includes access to the balcony.
On the ground floor, the shop or apartment space measures 102 m² and has direct street access – ideal for commercial use or conversion into another living area. This level includes a kitchenette, a single bedroom, a shower room/toilet, and separate WC, and two storage rooms. Additionally, there is access to a large storage area with approximately 1.5 m of headroom, providing excellent extra space.
The property’s location couldn’t be better – just a short stroll to supermarkets, bars, and banks, with Caudete’s museum and theatre opposite. In an area where rental apartments are in high demand, this property represents an exceptional investment with strong potential for return.
With a conservative estimated annual yield of around 12.5% when all units are rented, this is a sound investment opportunity. The two main apartments are identical, each offering 119 m² of living space. Both feature a small balcony and have access to a large shared sun terrace. Inside, you’ll find an open-plan kitchen-diner, a family bathroom, two double bedrooms, and an internal courtyard currently used as a utility area. The main bedroom, situated off the entrance hallway, enjoys a double-aspect layout that fills the space with natural light and includes access to the balcony.
On the ground floor, the shop or apartment space measures 102 m² and has direct street access – ideal for commercial use or conversion into another living area. This level includes a kitchenette, a single bedroom, a shower room/toilet, and separate WC, and two storage rooms. Additionally, there is access to a large storage area with approximately 1.5 m of headroom, providing excellent extra space.
The property’s location couldn’t be better – just a short stroll to supermarkets, bars, and banks, with Caudete’s museum and theatre opposite. In an area where rental apartments are in high demand, this property represents an exceptional investment with strong potential for return.
Property Features
- 5 bedrooms
- 2 bathrooms
- 100m² Build size
- Electricity Supply - Mains Supply
- Water Supply - Mains Supply
- Heating - Air Conditioning
- Sewerage Supply - Mains Supply
- Outside Space - Balcony
- Outside Space - Roof Terrace
- Business Potential
- City Centre
- Close to Amenities
- Close to Schools
- Country Views
- Mains Electric
- Mains Water
- Mountain Views
- Has Loft
- Has Utility Room
- Development Opportunity
- Investment Opportunity
- Has Fibre Optic
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
8,990€
Final Payment of 90% on completion
107,910€
Property Purchase Expenses
Property price
119,900€
Transfer tax 10%
11,990€
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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