TRADITIONAL HOUSE VERY CLOSE TO THE SEA ON THE OUTSKIRTS OF TORREVIEJA.~~This is an excellent property with lots of possibilities for anyone wishing to invest in it.~It consists of a ground floor, complete traditional house in an area on the outskirts of Torrevieja, in the area of Playa de los Náufragos, a short distance from the sea, shopping and leisure areas and all the possibilities that a large coastal town offers both in summer for tourists and international residents, and in winter for local residents.~The property consists of a living-dining room at the entrance, a central patio around which the other rooms of the property are articulated, a separate kitchen, three bedrooms and one bathroom. ~ ~The property, in spite of having been built a few years ago, is in an acceptable state and taking it as a base, it can be updated and can be converted into a property with a lot of character according to the Mediterranean tradition where it can be used for private use or to make it profitable by converting it into a tourist property and obtain a return on it due to its great location close to the beach and its accessibility as it is all on the ground floor, perfect for all types of families with elderly people, children, handicapped people, etc.~~The site where it is located is worth mentioning, where, given its proximity to the sea, a new building with a greater height and number of dwellings could be constructed once the existing dwelling has been demolished in order to obtain a return on the investment.
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On top of the purchase price you need to allow 10% for purchase transfer tax & a further 3,500 euros to cover notary taxes & charges & solicitor / legal charges including your NIE application
If you are going to purchase with a Spanish mortgage you will need to allow for an extra 3,500 euros on top of the amounts above to cover mortgage broker fees, bank mortgage commission, bank valuation & arrangement fees & insurances. Maximum mortgage available for non- residents is 70% of the purchase price
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The information given above is subject to change and does not form part of any contract
C.C. Playa Flamenca Unit 129,
Calle Niagara, 62,
03189 Playa Flamenca,
Alicante, Spain
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