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Property marketed by The Property Group
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Fantastic opportunity to acquire this thriving business! This well established restaurant and bar with long standing customers is offering an excellent business opportunity within catering and hospitality in the heart of the vibrant commercial area of VillamartinThe business sale includes all furniture fixtures and fittings as well as existing stock The business comes with a fully equipped kitchen, white goods and added storeroomThis popular bar & restaurant has successfully operated for over the past 10 years and it is in a great location with excellent seating areas for up to 130 seats both indoor as well as the large sunny outdoor terraces The current owners have built an excellent reputation for quality of food and service with with ever popular Sunday lunch and varied menu proving very popular for both local residents as well as visitors to the area The bar hosts regular entertainment, a pool league, golf society as well as private functions- Located close to numerous other bars, shops and businesses near to the Villamartin central area The purchase price is for the business transfer only or ´Traspaso´ (not ownership of the building which attracts a monthly rental to the landlord) A structured handover plan is available for the prospective buyers and great potential to develop the business further ** Viewings strictly by appointment only ** Contact our team today for further information
Property Features
- 0 bedrooms
- 0 bathrooms
- Street parking
- Patio
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,500€
Final Payment of 90% on completion
121,500€
Property Purchase Expenses
Property price
135,000€
Transfer tax 8%
10,800€
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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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%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.