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Business for sale in Arona, Spain, 360 m²

Business for sale in Arona, Spain, 360 m² - photo 1
Business for sale in Arona, Spain, 360 m² - photo 2
Price€1,450,000
TypeBusiness
Covered area360 m²
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Environment

Business

Fantastic opportunity to buy premises with a stable tenant in the heart of Las Americas, in front of Las Veronicas. The premises consist of a total area of 360 m2 distributed in 157 m2 upper floor and 153 m2 ground floor. plus a terrace with views of Las Veronicas. Currently rented for 7582 euros per month + community fees. GREAT INVESTMENT OPPORTUNITY !!

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%
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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