Stylish Loft-Style Commercial Space in El Terreno
€690,000
Loft
property type
3 weeks ago
listed
The Habio take
AI summaryThis spacious 260m² loft-style premises features a modern and artistic design, ideal for various business opportunities. Located just steps from the entrance of Bellver Castle in El Terreno, it benefits from high visibility and a vibrant local culture.
- city
- historic
- investment
Highlights
- Spacious 260m² area
- Recently refurbished with modern design
- High visibility near Bellver Castle
- Adaptable layout for various uses
- Vibrant local culture
Worth knowing
- Limited information on parking availability
- Not currently residentially zoned
Good fit for: Ideal for entrepreneurs or investors looking for a versatile commercial space in a historic location.
Lifestyle scores
- Beach
- 0
- Walkable
- 70
- Remote work
- 60
- Family
- 0
- Retirement
- 0
- Airport access
- 0
- Investment
- 75
- Luxury
- 0
- Value
- 50
About this place
This stylish loft-style commercial space encompasses 260 square metres and has been recently refurbished to reflect a very modern and artistic aesthetic. The front section is currently utilised as an art gallery, characterised by large windows that allow natural light to flood the entrance hall, creating an inviting atmosphere.
The layout boasts a variety of adaptable spaces, making it suitable for a range of uses, from creative studios to retail environments. The proximity to the historic Bellver Castle adds a unique charm and enhances its appeal, placing it in a culturally rich area that attracts both locals and tourists alike.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
