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Land for sale in Adeje, Spain

Land for sale in Adeje, Spain - photo 1
Price€2,200,000
TypeLand
Land area4880 m²
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Land for construction of commercial space !

Environment
Exclusive investment offer !!!!!! For sale completely perfect corner plot having convenient way details Access on three sides, for the construction of commercial space, which, in turn, you can continue to rent, with an annual income of 10%, or sell !!!!!! According to its unique location in the Fanabe area, you will not find this !!! Built business premises can be designed for any type of activity, bringing the annual income !!! Maybe build a trading area of ​​1800 m2 above ground and 1,700 m2 below ground. The total area of ​​the land 4880 m2.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Interest Rate
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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
Helga
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