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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
1 bed apartment for sale in Orihuela Costa, Spain - photo 5

1 bed apartment for sale in Orihuela Costa, Spain

ID: 244089
Price€339,000
TypeApartment
Beds1
Bath1
Rooms2
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Sale Apartment - Orihuela-Costa - Spain

Commercial unit for sale located in Lomas de Cabo Roig in Orihuela Costa. It has a large dining area with a bar set up as an Irish Pub, kitchen, toilet and a 50m2 terrace. The unit is located in a commercial area with several restaurants, bars and different shops. It is an area of regular customers and receives tourists through out the year. The united is rented out and generates a yield of approximately 5 per cent. Perfect for investors. Lomas de Cabo Roig is one of the most expanding area of Orihuela Costa, Close to the golf courses of Las Ramblas, Las Colinas and Campoamor. Just few km from the beaches of Campoamor, Mil Palmeras, Cabo Roig and La Zenia. Communicates easily with motorway AP-7 and the national road N-332 in the direction of Alicante and Cartagena.

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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Interest Rate
585 per month
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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%
Jane
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