5 bedroom Other for sale

5 bedroom Other for sale

Torrevieja, Alicante
320,000
 
  • 5 bedroom Other for sale
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Ref: AG19MLSC4730710
Property marketed by Spain Property Shop S.L
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BUSINESS FOR SALE DUE TO RETIREMENT – UNIQUE OPPORTUNITY IN TORREVIEJA For sale due to retirement: a prestigious language school with 35 years of uninterrupted operation in the heart of Torrevieja. A fully consolidated business with a loyal and stable client base, an excellent reputation, and official Cambridge Examination Centre status, ensuring a constant flow of students and a strong competitive advantage. ? High profitability: 17% net annual return Ideal for investors or professionals in the education sector. The business offers a proven and verifiable profitability well above market averages, with all accounts transparent and up to date. ? Includes property in central Torrevieja The sale includes full ownership of the premises (originally an apartment, now adapted and licensed as an educational centre). The area has a market value of approximately €2,100 per m², making this a double investment: ✔ a highly profitable business ✔ a valuable property in a prime location ? All licences and permits in order – turnkey transfer All authorisations and documentation up to date Business currently active and fully operational Possibility of transitional support if desired Includes full client portfolio and ongoing contracts ? Exceptional location Situated right in the centre of Torrevieja, surrounded by services, schools, public transport and high foot traffic. ? Contact us for more information, to receive the detailed profitability report, or to arrange a visit. A unique opportunity to acquire a stable, profitable business with decades of prestige in the city.

Property Features

  • 5 bedrooms
  • 1 bathroom
  • 81m² Build size
  • Veranda
  • Near bus route
  • Aircondition, Split system
  • Elevator
  • Fully furnished

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
29,000€
Final Payment of 90% on completion
288,000€
 
Property Purchase Expenses
Property price
320,000€
Transfer tax 8%
25,600€
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:
320,000€
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

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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