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Building with Great Potential in Torrevieja

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Channel Group Inmobiliarias - Elche 966 673 250

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400.000 €

* Taxes not included in the price

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Located in Torrevieja, one of the most attractive destinations on the Costa Blanca, this property offers an exciting opportunity for those seeking a spacious home with multiple possibilities in a vibrant town year-round. Torrevieja boasts excellent infrastructure, including supermarkets, shops, restaurants, shopping centers, and leisure areas, in addition to its renowned beaches, promenade, and natural spaces. Its pleasant Mediterranean climate and proximity to various golf courses and towns along the Orihuela Costa make the area appealing both for establishing a permanent residence and for enjoying extended stays by the sea.

The property sits on a 166 m² plot and has a constructed area of approximately 220 m², offering a size that is hard to find for those needing space and versatility. The layout includes six bedrooms, four bathrooms, two separate kitchens, and a storage room, opening up a wide range of possibilities for adapting the property to different needs. Thanks to its size and layout, this property could be envisioned as a spacious family home, a multi-generational residence, or even a project that allows for separate spaces for family members or guests. The plot also offers additional possibilities, depending on its configuration and local regulations, such as creating an outdoor area to enjoy the Mediterranean climate or adding parking.

This house has been a family home for many years, so it retains the potential to become a vibrant space once again. It is currently in need of renovation, which allows the future owner to design and update each room to their liking, making the most of its 220 square meters to create a modern, functional home tailored to their preferences. Its two kitchens and six bedrooms offer particularly interesting options for those looking to combine living space with guest accommodation, or to explore the possibility of renting it out, provided the layout, regulations, and legal conditions permit. A property with a generous surface area, numerous rooms and great potential for transformation, ideal for buyers who can see beyond its current state and want to develop their own project in Torrevieja.

**In compliance with the information obligations established by Law 10/2025 of 28 December on customer service and transparency, as well as the applicable sector-specific regulations currently in force, it is hereby stated that the indicated sale price does not include the expenses and taxes inherent to the acquisition of the property, which shall be borne by the purchasing party and are detailed below:**

# TAXES PAYABLE ON RESIDENTIAL PROPERTIES

## First transfer (new build properties)

### Value Added Tax (VAT)

**10% (General Rate):**
Applicable to the vast majority of newly built residential properties, including up to a maximum of two parking spaces and any annexes transferred together with the property within the same building.

**4% (Reduced Rate):**
Applicable exclusively to Officially Protected Housing (VPO – *Viviendas de Protección Oficial*) under a special regime or publicly promoted housing programmes.

Further information:

https://sede.agenciatributaria.gob.es/Sede/iva/iva-operaciones-inmobiliarias/compro-vivienda-tengo-que-pagar-itp.html

### Stamp Duty / Tax on Documented Legal Acts (IAJD)

**1.4% (General Rate):**
This is the standard rate applicable to public deeds of sale and purchase of newly built properties subject to VAT.

**0.1% (Super-reduced Rate):**
Special tax benefit applicable when the newly built property is intended to be the purchaser’s first habitual residence.

The current applicable rates, including the latest tax updates introduced by the Generalitat Valenciana, are detailed at:

https://hisenda.gva.es/es/web/tributos/beneficis-fiscals-2026

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## Second transfer (resales / second-hand properties)

### Property Transfer Tax (ITP – *Impuesto sobre Transmisiones Patrimoniales*)

The applicable tax rate in the Autonomous Community of Valencia shall be **9%** (generally), without prejudice to reduced rates of **8%, 6%, 4% or 3%** that may apply depending on the purchaser’s personal circumstances or the characteristics of the property.

The tax is assessed on the **Cadastral Reference Value (Valor de Referencia del Catastro)** or the sale price, whichever is higher.

For comprehensive information regarding the operation, tax rates and tax benefits applicable to ITP in the Valencian Community, please consult the official website of the Valencian Tax Agency at:

https://atv.gva.es/es/itpajd

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# TAXES PAYABLE ON COMMERCIAL PREMISES, INDUSTRIAL UNITS AND OFFICES

## First transfer (new build) of commercial premises, industrial units or offices

When the seller is the developer, builder or a business entity carrying out the first transfer, the transaction is subject to:

* **VAT at 21%**
(If the purchaser is a business/professional entity entitled to VAT deduction, the VAT paid may be recovered.)

* **Stamp Duty / Tax on Documented Legal Acts (AJD) at 1.4%**

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## Second transfer of used commercial premises, industrial units or offices

When the transaction is not subject to VAT, the purchase is subject to:

### Property Transfer Tax (ITP)

* **9%** on the taxable base up to **€1,000,000**
* **11%** on the amount exceeding **€1,000,000**

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## Second transfer between businesses with waiver of VAT exemption

This remains one of the most common transactions involving industrial units, office buildings and commercial premises acquired as investments.

Where the waiver of VAT exemption applies, the transaction is subject to:

* **VAT at 21%**
* **Stamp Duty / AJD at 1.4%**

If the purchaser is a business entity entitled to VAT deduction, the VAT paid may be recovered.

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# COMMON EXPENSES APPLICABLE TO RESALES, NEW BUILD RESIDENTIAL SALES AND SALES OF COMMERCIAL PREMISES, INDUSTRIAL UNITS AND OFFICES

### • Notary Fees

Notarial fees shall be calculated in accordance with the official tariff regulated in Annex I of Royal Decree 1426/1989 of 17 November, approving the Notarial Fee Schedule.

### • Land Registry Fees

Registration of the property transfer at the Land Registry shall be invoiced according to the official tariff established in Annex I of Royal Decree 1427/1989 of 17 November.

### • Administrative Management Fees (Gestoría)

Fees for administrative processing, tax settlement and registration at the Land Registry amount to approximately **€423.50 (VAT included).**

### • Estate Agency Fees

Included in the advertised sale price (PVP) and paid by the seller.

### • Buyer’s Estate Agency Fees

Please be advised that, in certain cases, professional fees may be payable by the purchaser where they have contracted property acquisition services (**PSI – Personal Shopper Inmobiliario**).

**These fees are not linked to the purchase price of the property and are not included in it.**

Property Features

Reference 14-4559
Type of Operation For sale
Type of property Building
Zone / City Playa de los Locos / Torrevieja
Built Surface 220 m²
Condition To refurbish
Bedrooms 6
Bathrooms 4
Year built 1977
Levels 2
Orientation East
Total Plot Size 166 m²
Exterior type External
Kitchen type Independent - Equipped
Hot water Thermo Electric
Interior Carpentry Wood
Exterior Carpentry Wood
Type of Floor Stoneware
Views To the street
Distance to the sea 160 Metres
Tax 520€
Regime Libre

Balcony
Garage Included
Storage Room
Furniture
Light
Water
Parking Included
Tv
Exterior
Hospitals
Coastal Area
Buses
Shopping Centers
Supermarkets

Energy Efficiency Rating

Pending	Energy Consumption kWh/m² Year	Consumer Kg CO2/m2 Year

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