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Ref: ORE1452
Property marketed by OLIVIA REAL ESTATE
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Fantastic bar / commercial premises for sale! Conveniently located on the main street of the fabulous Los Montesinos town.
This bar was trading for many years and has a fantastic reputation; it is now for sale due to retirement.
The building itself is distributed over two main floors, the ground floor consisting of the long wooden bar area, wooden seating areas, stage area, small kitchen and garage. The first floor contains another large space that was previously used for a pool table and a good-sized storage room. Access to the toilet areas and another storage room is down a small set of steps.
Excellently located in the middle of town, surrounded by all amenities.
This is one not to miss, book your viewing today!
This bar was trading for many years and has a fantastic reputation; it is now for sale due to retirement.
The building itself is distributed over two main floors, the ground floor consisting of the long wooden bar area, wooden seating areas, stage area, small kitchen and garage. The first floor contains another large space that was previously used for a pool table and a good-sized storage room. Access to the toilet areas and another storage room is down a small set of steps.
Excellently located in the middle of town, surrounded by all amenities.
This is one not to miss, book your viewing today!
Property Features
- 0 bedrooms
- 2 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
14,500€
Final Payment of 90% on completion
157,500€
Property Purchase Expenses
Property price
175,000€
Transfer tax 8%
14,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.