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Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 1
Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 2
Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 3
Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 4
Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 5
Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 6
Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 7
Villa for sale in Alfaz del Pi, Spain, 520 m² - photo 8

Villa for sale in Alfaz del Pi, Spain, 520 m²

ID: 275053
Price€749,000
TypeVilla
Covered area520 m²
Land area1002 m²
Qualify for Residence Permit
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Investment Opportunity Alfaz del Pi

This large extended property was originally a bar and restaurant. The vendor has converted the building into five long term let apartments, and each has use of the communal swimming pool. The property comes with five private car parking spaces in a secure gated compound.

The property benefits from far reaching panoramic views of Albir Sea front, and the mountains.

This property would be ideal for an investor.

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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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%
Amina
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