The Gran Vista Marina Tourist Residence is a great investment option for seasonal rentals and personal use. Prices vary depending on floor and availability:
Ground Floor Apartment starting at 120.000 Euros to 133.000 Euros.
First Floor Apartment starting at 125.000 Euros to 149.000 Euros.
Second floor - Penthouse Apartment starting at 128.000 Euros to 154.000 Euros
Comprising of 39 properties which all benefit from underground parking, use of the communal pools and onsite faculties such as a communal lounge area for you or guests.
Located a short walk from Mojacar south beach promenade, these investment properties are an excellent option to earn income whilst owning the freehold title.
Previously the building was operating as a hotel, each room is undergoing a reform for independent living. These individual titles are been sold to reflect a modern, freehold apartment.
Due to its elevated position you can enjoy stunning views of the blue Mediterranean sea and the mountains as it is bordering the Calo Nejar Natural Park with it's fabulous scenery.
Each property level has its own large private south facing terrace with panoramic180 degree sea views from the bedrooms and lounge.
The ground floor and first floor all have covered terraces where as the second floor (top) have an open aspect which can be seen in the images of the show apartment of our advert.
Each property is 65m2 built in size which consists of an open concept living area which combines the dining area and kitchen.
This wonderful property offers 1 double bedroom with fitted wardrobes, 1 family bathroom with central A/C.
The lounge and master bedroom open up to the vast outdoor living space of 15.21m2 where you can enjoy a cup of coffee, sunbath, entertain and soak in the mountain and sea views.
It is a two to three minute walk to the Puerto Marina bus stop and a mere 300m from the beachfront.
This apartment is an ideal winter holiday home enjoying the sun for most of the day along with those stunning views. A good summer holiday rental property for those considering to earn some income out of the property. Mojacar beachfront has a good variety of restaurants, bars and shops within walking distance of the apartment. It is close to the upmarket Macenas resort with its ever increasing services and amenities
What is a tourist apartment? A tourist apartment refers to a property that is specifically designed for tourist rental use. It is about renting the entire apartments for short periods of time, normally less than 30 days. This is an excellent option for those seeking tourist accommodation for shorter periods.
What is a home for tourist use? A house for tourist use is a property that is used part of the year for tourist purposes, but is also can be used as a normal house during fixed periods agreed with the community. These properties are usually owned by a single owner and are managed by real estate agencies. This is an excellent option for those seeking tourist accommodation for longer periods.
Facilities: Tourist apartments include specific faculties such as an equipped kitchen, independent bedroom and bathroom. Homes for tourist use must offer basic comforts to spend the night and be able to be classified as self catering.
Do I have to rent my apartment?: Tourist apartments must be rented for short periods of time, generally less than 30 day agreements per rental.
Classification regarding license: For tourist apartments a special tourist accommodation license issued by the local government is required.
Use of property terms: A tourist apartment is used solely for tourist purposes rather than a fiscal residence to live in full time for extended periods for example longer than 3 months at a time.
Homes for tourist use can be used part of the calendar year for tourism purposes (Short term renting) and part of the year as normal housing. The main differences between tourist apartments and houses for tourist use are the requirement to rent for a fixed period in a calendar year and declare VAT quarterly so the need for an accountant is important.
Tourist flats have become a popular investment option in Spain. However, understanding the benefits and challenges involved is crucial.
The taxation associated with owning a tourist property varies depending on income declaration plus allow in a profit margin, Personal Income Tax (IRPF) on income earned and Yearly Property Tax (IBI). It is advisable to make an informed decision by speaking to a accountant / legal so you are aware of these tax obligations and complying with all the necessary formalities of ownership.
The stamp duty is just 1.2% however please note that VAT / IVA is applicable on the sale price at 10% to allow in your buying costs plus your own legal, land registry, notary fees.
References: VIP8061 - VIP8062 or VIP8063
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