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Ref: ADE8489L
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An opportunity has arisen to acquire a well-established and popular restaurant in the heart of Puerto de Mazarrón. The Rock and Grill, an American-style restaurant and bar, is currently for sale, offering a new owner the chance to take over a successful business with a prime, front-line location overlooking the marina.With 11 years of operation, The Rock and Grill has built a solid reputation for its excellent food, lively atmosphere, and breathtaking sea and mountain views. The business is being offered as a leasehold, with two years remaining on an automatically renewable five-year lease.The restaurant features a spacious outdoor seating area with a large capacity, which is ideal for enjoying the stunning views and watching the world go by. The property includes a fully equipped commercial kitchen, complete with an industrial oven, gas hob, providing potential for expanding into a take-away service.This is a turn-key opportunity for anyone looking to enter the hospitality market in a popular tourist and residential area. operating expenses and a full inventory are available upon request.
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
7,000€
Final Payment of 90% on completion
89,996€
Property Purchase Expenses
Property price
99,995€
Transfer tax 8%
8,000€
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.