Commercial Property for sale in Torrevieja, Alicante, Spain

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Spacious commercial premises for sale in Torrevieja (Alicante) at 75 Patricio Zammit Street, located in a semi-central area just 1 km from the beach, with excellent transport links and surrounded by amenities The property has 152 m² of built area in a semi-basement, accessible by stairs and elevator, and has been fully renovated and is ready for immediate occupancy, making it an ideal option for both personal use and investment It has water and electricity connections and two smoke extraction points, a highly sought-after feature that greatly expands business possibilities (restaurant, delivery, dark kitchen, etc) Furthermore, thanks to its layout, it can be divided into two independent units, maximizing profitability

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Property Features

0 bedrooms
0 bathrooms
152m² Build size
Pool-Communal
Basement
Lift
Renovated

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

12,900€

Final Payment of 90% on completion

143,100€

Property Purchase Expenses

Property price

159,000€

Transfer tax 8%

12,720€

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:

159,000€

Deposit:

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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.

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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%.