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Ref: EFML2856D
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Building for sale in Inca Mallorca an investors opportunity.Centrally located in the northern western section of the town, a seven minute walk from the train station and six minutes’ walk from the central shopping district.Ideally positioned for development the property, has multiple options available as a conversation from commercial use to living spaces.Its land registry classification would permit a change of use to multi family building with a maximum of five homes or a division into two townhouses could also be an option due to the length of the façade.If you would like more information about this building for sale in Inca, contact us for more details.Inca is the capital of the Raiguer region in Mallorca and is famous for its shoe and leather industries. Most of the administrative offices of the region are located in Inca, including the law courts and property and land registry offices. The town is a mixture of commercial outlets for larger companies like Camper Shoes, large supermarkets and urban areas of apartments and houses. Inca was known for its wine cellars many of which are now being used as restaurants.Inca is the capital of the Raiguer region in Mallorca and is famous for its shoe and leather industries. Most of the administrative offices of the region are located in Inca, including the law courts and property and land registry offices. The town is a mixture of commercial outlets for larger companies like Camper Shoes, large supermarkets and urban areas of apartments and houses. Inca was known for its wine cellars many of which are now being used as restaurants.Both newly built and refurbished properties are in high demand in the town of Inca because of the road and public transport links to the capital of Mallorca Palma de Mallorca and easy access to the north of the island.The mountains and countryside of the central region are easy to access from Inca which combined with all of the town’s amenities including good schools and healthcare facilities makes it an attractive location for young families searching for properties both for sale and long rental options.
Property Features
- 0 bedrooms
- 0 bathrooms
- 417m² Build size
- 435m² Plot size
- Electrical Connection
- Water Connection
- Utilities and Public services / Water / Electricity
- Urban Views
- Urban / Residential Area
- Property Location
- Property Views
- Property Documents
- Property Condition
- Complete Property Deeds (Escritura)
- Close to Shops
- Close to schools
- close to restaurants
- Close to Public Transport
- close to medical facilities
- Close to all Amenities
- Good condition
- Interior of Mallorca
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
53,000€
Final Payment of 90% on completion
504,000€
Property Purchase Expenses
Property price
560,000€
Transfer tax 10%
56,000€
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.
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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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.







