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1 bed apartment for sale in Orihuela, Spain

1 bed apartment for sale in Orihuela, Spain - photo 1
1 bed apartment for sale in Orihuela, Spain - photo 2
1 bed apartment for sale in Orihuela, Spain - photo 3
1 bed apartment for sale in Orihuela, Spain - photo 4
1 bed apartment for sale in Orihuela, Spain - photo 5
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Sale Apartment - Orihuela - Spain

Commercial unit for sale located in one of the most popular areas of Villamartin in Orihuela Costa. The unit functions as restaurante and has a large dining area with a bar, kitchen, toilet and a 70m2 terrace. Villa martin Plaza is one of the most popular areas on the coast that has one the busiest bars and restaurants. A fantastic opportunities for investors with an approximate yearly yield of 7 per cent. Villamartin is one of the most prestigious areas of Orihuela Costa, with its own golf course and very close to the golf courses of Las Ramblas, Las Colinas and Campoamor. A place where there are many green areas with parks and differents services. Communicates easily with motorway AP-7 and the national road N-332 in the direction of Alicante and Cartagena.

Extra Сosts when Buying Property

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%
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
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