1-Bedroom Apartment

Historic Centre, Malaga

Property is located on first floor and is a 1-bedroom + 1-bathroom Apartment. Bedroom window has been soundproofed. New dishwasher and microwave in 2018. New washer/dryer combo in 2017.

Close to the centre and in the heart of the Malaga’s Historic Centre the apartment includes:

• 1 Bedroom
• 1 Bathroom
• Fitted Kitchen
• Open Plan Living, Dining, and Kitchen
• Lift
• Historic Centre

Investment

This apartment has been rented successfully for 10 years on long term rental contracts. It has never been rented short term, but the area is very sought after for this purpose and can offer high returns.

Typical rental over the last few years has been 550€ per month for long term rental contracts.

Property has never been empty for over 2 weeks between tenancies.

All income can be proven with rental contracts and all income has been declared to tax authorities.

Property is currently vacant after last tenant moved, and the owner has decided not to let it whilst it is for sale.

Additional costs for the buyer when purchasing a property include:

8% I.T.P. (Transfer Tax) up to the amount of 400.000€, 9% from the amounts between 400,000€ to 700,000€ and 10% for any amount higher than 700,000€ or 10% VAT and 1.5% stamp duty for new properties bought from a developer. Additionally, the buyer pays the notary fees and costs for the inscription of the title deeds in the land registry. In compliance with the Decree of the Junta de Andalucia 218/2005 of 11 October, a copy of the Information Sheet for this property is available. Please contact us for a copy.

Location

Calle Lazcano, Málaga, Spain

Additional details

• Outgoing

Contact

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