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Ref: BAN-14706
Property marketed by OLIVIA REAL ESTATE
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INVESTORS OPPORTUNITY FREEHOLD RESTAURANT/BAR ON A LARGE 900M2 PLOT IN A GREAT LOCATION NEAR TO THE BUSY CABO ROIG STRIPThis property has a good sized bar and fully fitted professional kitchen and an outside terrace. The Restaurant/Bar has an area of 200m2 with a further underbuild/storage area of 200m2. The Restaurant can accommodate over 100 covers inside and 100 covers on the outside terrace. The plot is walled and gated and is on a 900M2 Plot. The beach is only 10 minutes walking distance away. The outside areas need some tidying and maintenance but this business could be open and ready for business in a few weeks. Huge potential for diverse opportunity i.e. developer or builder 
Property Features
- 0 bedrooms
- 2 bathrooms
- 400m² Build size
- 800m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
16,950€
Final Payment of 90% on completion
179,550€
Property Purchase Expenses
Property price
199,500€
Transfer tax 8%
15,960€
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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