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1 bed apartment for sale in Orihuela Costa, Spain

1 bed apartment for sale in Orihuela Costa, Spain - photo 1
1 bed apartment for sale in Orihuela Costa, Spain - photo 2
1 bed apartment for sale in Orihuela Costa, Spain - photo 3
1 bed apartment for sale in Orihuela Costa, Spain - photo 4
Price€499,000
TypeApartment
Beds1
Bath1
Rooms2
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Sale Apartment - Orihuela-Costa - Spain

Corner commercial unit for sale located in Aguamarina, Cabo Roig in Orihuela Costa. Inside you can find a large area with bar, kitchen and toilet, it has a terrace of 262m2. The location it's in a commercial area were we can find several restaurants, bars and differents shops, it is an area of regular customers and receives tourists through out the year. The commercial unit functions as Gelateria Italiana and Phone Shop. It's an excellent opportunity for investors with an approximate yearly yield of 5 per cent. Aguamarina is a development by the sea between Cabo Roig and Campoamor. Close to all amenities as the famous Zenia Boulevard Shopping Centre, very popular area of the Costa Blanca. Walking distance to the beaches of Orihuela Costa as Playa Flamenca, Aguamarina, Cabo Roig and different coves. Very well connected with the N332 and motorway AP-7 Mediterranean. The golf courses of Las Ramblas, Campoamor, Las Colinas and Villamartin are just a 10 minute drive.

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%
Paula
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