Villa for sale

Villa for sale

Santa Eulalia del Rio, Ibiza
1,200,000
 
  • Villa for sale
  • Villa for sale
  • Villa for sale
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Ref: 428-01460P
Property marketed by Selection Med Selection Med
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Project for the construction of a building located in the heart of Santa Eulalia del Río. A unique opportunity both for investment and for high-level residential use. The property is situated just a short distance from all essential services, with easy access to entertainment areas, the marina, beaches, and children’s play areas, making it an ideal location for those seeking a comfortable and cosmopolitan lifestyle. Its proximity to public transportation options and the vibrant life of the town center adds immeasurable value to this property.

The building is presented with an ambitious project to develop an apartment block that will comprise four floors plus a rooftop, above ground, and two underground floors dedicated to private parking. This project envisions the creation of five exclusive residences, all outward-facing and benefiting from excellent natural light thanks to their large windows and orientation. The ground floor will have a 64 m² commercial space with direct access from the corner and excellent visibility. The first and second floors will house two residences per floor, each with two bedrooms, two bathrooms, a living-dining room, and kitchen. The jewel of the property is the penthouse located on the third and top floor, designed as a unique home of 129 m² with three bedrooms, two bathrooms, a guest toilet, and a spacious living-dining room with a panoramic corner gallery. From the living room, you will access the upper part of the building where there will be an additional 17 m² room and a private terrace of 70 m².

The building will be designed to offer maximum comfort, featuring an elevator and modern climate control systems. The community it is part of is quiet and central, surrounded by all kinds of services, shops, and leisure options for both adults and families. Its privileged location, near the sea and the marina, ensures an attractive environment for both permanent and seasonal residents, in one of the most sought-after and high-growth areas of the island.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 129m² Build size
  • 160m² Plot size
  • Private garage
  • 4 parking spaces
  • Amenities near
  • Transport near
  • Air conditioning
  • Brand new
  • Lift
  • Street view
  • Close to children playground
  • Close to sea / beach
  • Close to town
  • Close to port

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
117,000€
Final Payment of 90% on completion
1,080,000€
 
Property Purchase Expenses
Property price
1,200,000€
Transfer tax 10%
120,000€
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:
1,200,000€
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Interest Rate:
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* 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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