Other for sale

Other for sale

Torrevieja, Alicante
170,000
 
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
  • Other for sale
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Ref: AG19MLSC112310
Property marketed by Spain Property Shop S.L
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Spacious commercial premises for sale in one of the popular areas of Torrevieja — Acequión, just a few minutes from the sea. The property represents an excellent investment opportunity thanks to the possibility of converting its use into residential housing, making it attractive both for investors and private buyers. The premises offer 168.42 m² of usable space (190 m² built) and are located in a building constructed in 1989 with an elevator. The southeast orientation provides good natural light throughout the day. Currently, the property requires renovation, giving the future owner the opportunity to implement their own project and adapt the space into residential apartments, several studios, or a modern commercial concept. Previously, the premises housed a nightclub, so the space has an open-plan layout that allows flexible interior zoning. All necessary utilities are already connected: electricity, water supply, and drainage, which significantly simplifies the renovation or redevelopment process. The location in the Acequión area guarantees convenient infrastructure: the beach, promenade, shops, cafés, supermarkets, and public transport stops are all nearby. This is a dynamically developing part of the city, popular among both locals and international buyers.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 190m² Build size
  • Garden
  • Sea view
  • Near bus route
  • Elevator

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,000€
Final Payment of 90% on completion
153,000€
 
Property Purchase Expenses
Property price
170,000€
Transfer tax 8%
13,600€
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:
170,000€
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

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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