Other for sale

Other for sale

Orihuela Costa, Alicante
175,000
 
1 / 0

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Ref: AG19MLSC1370567
Property marketed by Spain Property Shop S.L
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Due to the retirement of the current owners, we are delighted to present a remarkable opportunity to acquire the freehold of this well-established bar/restaurant. Please note that the listed purchase price includes full ownership of the associated building, which can easily be adapted to an array of business options.This thriving establishment boasts a loyal customer base, positioning it as an excellent investment within the catering and hospitality sector in the bustling commercial area close to the centre of Villamartin.The sale encompasses all furniture, fixtures, fittings, and existing stock. The bar/restaurant features a fully equipped kitchen, a spacious dining area, and a south facing outdoor terrace. There are 2 modernized restrooms including 1 with disabled access. The current owners have cultivated an excellent reputation for exceptional food quality and service. Regular quizes and other events have proven to be highly popular among both local residents and visitors, contributing to the restaurant's vibrant atmosphere. The location benefits from proximity to various bars, shops, and businesses within the Villamartin commercial area. A structured handover plan will be provided for prospective buyers to ensure a smooth transition. This property represents an excellent opportunity with fantastic potential for further business development & growth.View the 360 video tour shown on this page.For enquiries or to schedule a viewing , please do not hesitate to contact our team. 

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 70m² Build size
  • 94m² Plot size
  • Veranda
  • Near bus route
  • Heating, Central
  • Storage
  • Fully furnished

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.

Mortgage Calculator

Mortgage Amount:
175,000€
Deposit:
Interest Rate:
%
Period:
Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

Spanish Property News & Updates by Spain Property Portal.com

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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