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The property, which has been in continuous use for over 20 years, previously operated as an accountancy firm, underlining its suitability for professional use. It comprises two originally separate units, now configured as a single, large-scale space.
Its layout is functional and versatile, comprising six offices, two filing rooms, a toilet and a spacious entrance hall, allowing it to be adapted to a wide range of professional activities, such as offices, professional practices, clinics or customer service centres.
There is also the possibility of exploring a change of use to residential, given that there are precedents within the same building, which increases its appeal as an investment.
In short, a property with great potential, both for owner-occupation and as an investment, in a prime location in the centre of Torrox.
Property Features
- 0 bedrooms
- 0 bathrooms
- 180m² Build size
Costing Breakdown
* 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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* 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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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.