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2 bed villa for sale in Majorca, Spain, 298 m²

2 bed villa for sale in Majorca, Spain, 298 m² - photo 1
2 bed villa for sale in Majorca, Spain, 298 m² - photo 2
2 bed villa for sale in Majorca, Spain, 298 m² - photo 3
2 bed villa for sale in Majorca, Spain, 298 m² - photo 4
2 bed villa for sale in Majorca, Spain, 298 m² - photo 5
2 bed villa for sale in Majorca, Spain, 298 m² - photo 6
2 bed villa for sale in Majorca, Spain, 298 m² - photo 7
2 bed villa for sale in Majorca, Spain, 298 m² - photo 8
2 bed villa for sale in Majorca, Spain, 298 m² - photo 9
2 bed villa for sale in Majorca, Spain, 298 m² - photo 10
2 bed villa for sale in Majorca, Spain, 298 m² - photo 11
Price€2,200,000
TypeVilla
Covered area298 m²
Beds2
Bath2
Rooms3
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Description

For sale house with commercial premises. The plot size is 600m2. On the lower floor on the area of 200m2 located shop and car hire plus a terrace of 125m2. On the upper floor there is the living room with an area of 98m2 with 3 bedrooms, 2 bathrooms, living room with terrace of 75m2, equipped kitchen with Laundry. There is a garage of 200m2. The house is located in a tourist area, 3 minutes walk from the sandy beach.

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
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