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3 bed flat for sale in Valencia, Spain, 73 m²

3 bed flat for sale in Valencia, Spain, 73 m² - photo 1
3 bed flat for sale in Valencia, Spain, 73 m² - photo 2
3 bed flat for sale in Valencia, Spain, 73 m² - photo 3
3 bed flat for sale in Valencia, Spain, 73 m² - photo 4
3 bed flat for sale in Valencia, Spain, 73 m² - photo 5
3 bed flat for sale in Valencia, Spain, 73 m² - photo 6
3 bed flat for sale in Valencia, Spain, 73 m² - photo 7
3 bed flat for sale in Valencia, Spain, 73 m² - photo 8
3 bed flat for sale in Valencia, Spain, 73 m² - photo 9
3 bed flat for sale in Valencia, Spain, 73 m² - photo 10
3 bed flat for sale in Valencia, Spain, 73 m² - photo 11
3 bed flat for sale in Valencia, Spain, 73 m² - photo 12
Price€110,000
TypeFlat
Covered area73 m²
Beds3
Rooms4
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Environment

Description

Business for sale in Spain, Valencia. Large apartment with tourist rental license for short term rental property for rent. When purchasing real estate, you get: 1. Passive income from the daily delivery of apartments for rent in Euro (booking.com and airbnb.ru ) - net income (1100 Euro per month), 9.8%in winter up to (1500 Euro per month) 14.5% per annum in the summer. 2. Legal and tax support for the acquisition and further exploitation of real estate with the legal reduction of the tax burden. 3. Ready business, which requires minimum of your participation - enshrined administrator, clearing staff and a tax attorney. 4. Most 4K apartment 73 m2: with 3 bedrooms and a living - major renovation completed in 2018 - located in a good area with convenient transport interchange and infrastructure - metro, bus, supermarkets, schools within walking distance 1-2 min. 5. Its proximity to the historic city of Valencia (tourist area) - 13 minutes walk (1 km). 6. Touristic license assigned to the property and has no expiration (life). From August 2018 the tourist license in Valencia on residential properties will not be issued.. The value of the business and real estate is 110 thousand euros. This price includes: - obtaining a tax identification number NIE in Spain - opening a Bank account in Spain - legal support of the transaction - free consultation tax attorney, legal tax minimization Reference: average dynamics of growth in property prices in Valencia over the last 5 years was approximately 13% per year (without tour. license) The apartment was on airbnb and booking and it brings its owner a permanent passive income. The apartment assigned administrator, a cleaner and a tax attorney.

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
190 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%
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