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  • €1,100,000
Baba Golinath Properties SLU
Registered office: Calle Sorell 12, Bloque 3, Local 5, Altea (Pueblo Mascarat), Alicante, 03590, Spain

CIF: B --(Phone number)-- 

Sole Director: Charan Nelms (British Citizen)

Up to date date accounts available, no outstanding debts.

Owner of two properties which are:

Sunset Waves, one apartment in , Bloque 2, Piso 4, Avenida Republica Argentina 6, Poniente, Benidorm,
03502, Alicante
Golf Albir, second apartment in Calle Pau Casal 16, Bloque 1. Piso 3., Albir, Alfas del Pi, 03581, Alicante
The property in Pau Casal has a Tourist License which will be retained by the new buyer if the company
Baba Golinath Properties SLU is bought as a company with 3 shareholders, if bought as stated above
there is no Spanish purchase tax to pay, only the notary’s and solicitor’s fees, the purchase tax which
normally 24% for non-EU buyer and 19% for EU citizens.

For new buyer having 3 shareholders it is then possible sell the shares to one of them piece meal, say the
shareholding is 1%, 5% and 94% then the 94% shareholder first buys the 1% and pay tax on it and lastly to
complete the house he buy the last 5% and pays a tax of 1% on the 5%. I would advise anyone to take
professional tax advice to ensure this information is accurate and to their own satisfaction, good luck and
be tax efficient!

The 94% sharehold may exercise a General Power fo Attorney over the other shares by agreement so
everything takes place smoothly, job done! Just same be advised first!

The company Baba Golinath Properties SLU is for sale for the asking price of €1,100,000.00 (one million
and one hundred thousand Euros) without any encumbrance and includes the above mentioned two
properties, including all fixtures and fittings.

Sunset Waves Long Term Rental
Sunset Waves a luxury apartment is back on the market on a long term rental agreement, minimum period is 12 months.

The rent is €3000.00 per month with a deposit of €3000.00 by contractual agreement.

The property is currently vacant and available immediately.

There is discount of €3000.00 if the rent is paid upfront for the year.
Baba Golinath Properties SLU
Registered office: Calle Sorell 12, Bloque 3, Local 5, Altea (Pueblo Mascarat), Alicante, 03590, Spain

CIF: B --(Phone number)-- 

Sole Director: Charan Nelms (Briti...

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