Commercial Property for sale

Commercial Property for sale

Torrevieja, Alicante
1,188,000
 
  • Commercial Property for sale
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Property marketed by The Property Group
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We offer a new investment project in the center of the city of TorreviejaFor sale is a new apartment hotel with 8 apartments, total area of 300 sq m The hotel occupies 2 floors, with 4 apartments on each floor1st floor:Studio 3041 sq mStudio 2668 sq m1-bedroom apartment 393 sq m1-bedroom apartment 3618 sq m2nd floor:1-bedroom apartment 4515 sq m1-bedroom apartment 4241 sq mApartment 4374 sq mStudio 4132 sq mAll apartments have individual design The hotel building has undergone full reconstruction, including the facade The apartments are built completely from scratch, except for the exterior walls, which are also reconstructed and insulated Each apartment is equipped with furniture, appliances, underfloor heating, air conditioning, smart home system, and surveillance system The building has a lift with street access The reconstruction was carried out with high-quality materialsThe hotel is located in the center of the resort city of Torrevieja, within walking distance to the beach and promenade Nearby there is a supermarket, bars, restaurants, and everything necessary for living and leisureOnline reservation is possible, as well as purchasing on credit from a bank at 3-4% annual interest rate

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 300m² Build size

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
115,800€
Final Payment of 90% on completion
1,069,200€
 
Property Purchase Expenses
Property price
1,188,000€
Transfer tax 8%
95,040€
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.

Mortgage Calculator

Mortgage Amount:
1,188,000€
Deposit:
Interest Rate:
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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.

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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