Description

The commercial room functioning as shop is located in Kalp, Spain. The room of 858.94 sq.m is located in the exclusive place. At the moment the tenant pays €5,500 in month that makes €66,000 a year and 7.77% per annum of profitability. The lease agreement works till 2027. The cost of utilities is €1200 a year. Annual tax IBI   of €2400. Notarial certification of €2000. Register of property of €500. State tax on purchase of 10% of project cost. The price of the room is €850,000. Total cost 850 000+850 00+2 000+600 = €937.600

Upon purchase of real estate object you receive the Gold visa of Spain which grants the right for work within the country and also allows to live in the country within year from 500 thousand euros.