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Property marketed by The Property Group
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Excellent investment opportunity in a very good location in Torrevieja — commercial spaces with great development potential and high profitability Ideal for both own business and investment project ???? Main features: * Total area: 2800 m² * Usable area: 2200 m² * Distance to the beach: 600 meters ???? Includes: ?? 60 parking spaces already built ?? 3 storage rooms ?? 2 offices ???? Great investment potential: One of the biggest advantages of the property is the possibility of significantly increasing profitability The investor can build additional storage rooms next to the parking spaces, increasing the value and demand of the project, as spaces with storage are highly sought after in Torrevieja ???? Location: Located in an excellent area of Torrevieja, surrounded by all necessary infrastructure: * schools and nurseries * pharmacies * shopping centers * supermarkets * residential areas with high population density ???? Just 600 meters from the beach, which further increases the property's appeal ???? **An ideal opportunity for investors seeking profitability, growth, and an asset with great potential
Property Features
- 0 bedrooms
- 0 bathrooms
- 2,800m² Build size
- Location: Urbanisation
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
81,500€
Final Payment of 90% on completion
760,500€
Property Purchase Expenses
Property price
845,000€
Transfer tax 8%
67,600€
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.
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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.























