Other for sale in Formentera del Segura, Alicante, Spain

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Ref: AG19MLSC2744806

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This magnificent commercial space boasts 210 m² of built area and a 210 m² basement for storage. It includes a project that was completed approximately five years ago for a chicken restaurant, but it could also be used as a burger joint, restaurant, pizzeria, office, shop, etc. It is located on the main avenue of Los Palacios, a charming and lively area with numerous businesses.The ground floor is currently under construction, but includes:· 1 Kitchen· 3 Bathrooms· 1 Large open space suitable for various uses, such as a spacious showroom. The 210 m² basement is also available for storage.If you are considering opening a business, we are confident that this is a unique opportunity, perfect for any type of business or investment.

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Property Features

0 bedrooms
3 bathrooms
210m² Build size
420m² Plot size

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

7,950€

Final Payment of 90% on completion

98,550€

Property Purchase Expenses

Property price

109,500€

Transfer tax 8%

8,760€

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:

109,500€

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%.