Description
Land in Torrevieja, 540m2 of Urban Plot.
Here we present investment in Spain that is aimed at selling an urban land in Torrevieja, Costa Blanca.
540m2 of Land in Torrevieja, has several values added as projects and licenses for 32 homes and 3 basement floors for garages and storage. (In addition to other values see now). The initial attraction off the ground and current reductions in materials and workmanship of the construction market make it an opportunity to make a smart investment in the real estate market.
The investement is raised in a strategic location in the city of Torrevieja, it would be area classified as Center-Beach on 27-29-31 Patricio Zammit Street we found 540m2 of land in Torrevieja (urban area), with construction projects and licenses. The main attraction would be its location, 5 minutes walk from the beach and 10 minutes from the center of Torrevieja. Close to all amenities, bus station, shops, cultural center, the church ….. Ideal for a holidays or to live permanently.
Urban land in Torrevieja is nearly rectangular trapezoidal shape, has an area of 540,30M2. Facade has a 28.33 meters and 19,07m2 meters line. It consist of projects and building permits for carrying out 32 homes, 48 garages and 9 storage rooms. The 32 houses are distributed in Ground Floor, 3 Type Floors and Penthouse Floor. (Ground Floor + Four Floors).
“The costs invested in 540m2 of land in Torrevieja”
PURCHASE OF 3 PROPERTIES: We bought 3 houses, two houses on Ground Floor + 1 Floor, and third house on ground floor + 2 floors. 2.000.000.-€
NOTARY FEES: Selling properties is done according to the law and the notary. 2.605.-€
TAX AND CAPITAL TRANSFERS Stamp Duty: Taxes generated by the purchase. 130.393.
REGISTRATION FEES OF PROPERTY: The sale is recorded and records our property. 1.505.- €
SALES MANAGEMENT FEES: Fees for commercial agents who manage the sale of the above 3 properties. 30.000.-€
ADVISORY FEES: Throughout the process involved company managers. 628.-€
TECHNICAL FEES: Architects. 12.000.-€ Technical Architect. 6.404.-€ Telecommunications Engineer. 658.-€
TOWN HALL: Licenses, fees, other. 75.970-€
WARRANTIES: Works License. 14.912.-€
PRICING: Nature Mortgage. 2.467.-€
RIGHTS OF SUPPLY CENTER TRANSFORMATION 211kw /Consume: No longer forecast for the project, engaging the supply rights and pavement construction municipal ordinances as curbs and granite tiles. 76.727.-€
DEMOLITION: Demolition project implementation by a specialized company. 5.669.-€
LANDFILL: The cost of treatment of wate arising from demolition. 5.504.-€
GEOTECHNICAL STUDY: Necessary to know the composition of soil and make the project to work correctly. 1.395.-€
WALLS INSULATION sharecroppers: Made in the medians with projected polyurethane. 4.012.-€
POWER LINE DIVERSION: To actually execute the demolition. 504.-€
OTHER EXPENSES. The costs of administration, management and others. 23.876.-€
Total invested in 540m2 OF URBAN LAND IN TORREVIEJA. 2.395.229€
The amount invested in the land today in Torrevieja, amonts to 2.355.229 €. The company decides to lower the price of your investment to be able to remove the asset from the list due to factors such as:
540m2 of Land in Torrevieja was acquired in the real estate boom (2006) with higher prices.
Company decapitalization.
Price of property with top-down character level.
That is why the company is aware that it is impossible to recovery of their investment and decides to offer it for less than it cost.
The current price of land in Torrevieja would be 1.000.000€.
This would imply an offer price of 57% of the initial price, it’s a good time to buy this land in Torrevieja.
OTHER OPTIONS FOR THE URBAN LAND IN TORREVIEJA: In adittion to the added values describeb above, have had other options with the residential market could be the Hotel Industy, which is why have undertaken a study to develop a APARTHOTEL 3 STARS OF 80 ROOMS, consider this being another way to carry out the investment. - See more at: http://torreviejagent.com/properties/land-in-torrevieja-540m2-urban
