Country House for sale in Pinoso, Alicante, Spain

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Ref: ABM8845D

Property marketed by España Dream Properties

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Exceptional Investment Opportunity. Exceptional Investment Opportunity – Entire Apartment Building for SaleA rare chance to acquire an entire apartment building in one transaction, offering a prime investment opportunity in the highly sought-after location of Pinoso.Total Units: 91 apartmentsAdditional Features: Spacious garage and storage rooms for each apartment, rooftop terracePrice Options:Purchase as-is: €1,850,000Fully finished (approx. 1 year to complete): €5,350,000Status: Building permit approved, construction can commence immediatelyThis is an outstanding opportunity for investors seeking a high-value property in a prime location, with the flexibility to develop or complete the project according to your vision. Don’t miss the chance to secure a property of this scale and potential.

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Property Features

0 bedrooms
0 bathrooms
Mains Sewerage
Solarium
Terrace
Garage
Utility Room
Walking Distance - Restaurant / Bar
Double glazing
walking distance to town
Air conditioning
Mains Electric
Mains Water
Fast Internet & Phone

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

182,000€

Final Payment of 90% on completion

1,665,000€

Property Purchase Expenses

Property price

1,850,000€

Transfer tax 8%

148,000€

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:

1,850,000€

Deposit:

€

Interest Rate:

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

Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.