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Ref: CSPX-24956
Property marketed by Complete Spanish Property
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Floor divided into studios. Investor opportunity.First floor apartment completely renovated and divided into 3 independent studios.Each studio includes a living room, kitchen and bedroom in the same room, separate bathroom.Currently all rented for long term. Net profitability of more than 10%. Sold with tenants.Very well located, 10 minutes walk from the center of Alicante, surrounded by all kinds of shops and basic services.Great opportunity for investors seeking profitability.
Property Features
- 3 bedrooms
- 3 bathrooms
- 60m² Build size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
20,500€
Final Payment of 90% on completion
211,500€
Property Purchase Expenses
Property price
235,000€
Transfer tax 8%
18,800€
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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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.























