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2 bed flat for sale in Mijas, Spain, 113 m²

Price€880,000
TypeFlat
Covered area113 m²
Beds2
Bath2
Market infoNew homes
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Environment

Penthouse in Residencial Mediterráneo

The new building Residencial Mediterráneo is located in the street Nogal of Mijas Costa, in the province of Malaga. The project is located in the area of the urbanizations of Las Farolas and Playa Marina, in an eminently touristic enclave full of  comfort and leisure.

The residential complex have magnificent communications, since it is located to few meters of the highway of the Mediterranean A-7 and very close, also, to the highway of the Mediterranean AP-7. These connections allow to travel by car to Fuengirola in less than 10 minutes, to Mijas and the airport of Malaga in 20 minutes, to Marbella in 25 minutes and to the center of the capital of Malaga in half an hour.

All these places offer a lot of possibilities. For example, Mijas is one of the most beautiful municipalities of this area of the Costa del Sol of Malaga, while Marbella offers all type of commercial premises and an exclusive port for sport activities. Not far from Mijas you will find Fuengirola - an ideal place make all type of purchases.

The environment  is characterized by the abundant presence of vacation buildings. Only 100 meters away is the nearest beach, known as Playa Marina. In the area there is also a naturist beach and another much bigger and more busy one, called Playa del Chaparral. In addition, in barely 15 minutes by car you can reach the marina of Cabo Pino.

The residencial complex Residencial Mediterráneo offers the possibility to listen to the sea waves and receive the sun light from the first hour of the day, enjoying also some spectacular sunsets. The building, with seven floors, includes two, three and four bedroom properties.

The complex includes a video entry phone, heating with heat pump and underfloor heating and several swimming pools. The development occupies a total area of 6,700 square meters and its community spaces include tropical gardens, rest areas with Balinese beds, a viewpoint, a private dune, a barbecue area and a community equipped with changing rooms. All this, in a closed residential complex, which also enjoys numerous security systems, such as 24/7 surveillance, video surveillance and master keys.

One of the main characteristics of the properties are their wide terraces, which also offer wonderful views of the Mediterranean Sea. The first floor apartments include a garden and the penthouses have direct access from the elevator. In addition, all the apartments have a parking space and a storage room.

In a promotion as exclusive as this one, the qualities and materials have been taken care of in detail. In this sense, the entrance door to the apartments is armoured, the blinds are motorised, the properties include mechanical ventilation and the kitchens are equipped with top brand electrical appliances.

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

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+34 (931) 720-189
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