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  • Office in UK: +44-20-3769-6417
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Commercial property for sale in Torviscas, Spain, 513 m² - photo 1

Commercial property for sale in Torviscas, Spain, 513 m²

ID: 178704
Price€3,000,000
TypeCommercial property
Covered area513 m²
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Night Club in Las Americas

Night club in the first line in Las Americas. Currently it is working as a nightclub and bar. Built area of 513m2. Huge terrace with panoramic ocean views. Guaranteed income of 13.000 €/ month

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
Offices in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
Office in UK
London
+44-20-3936-4067
Office in Russia
Moscow
+7 (495) 240-81-87
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