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Ref: EMA9435B
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Leasehold Bar-Restaurant Opportunity in Torrevieja – €60,000 Transfer | €1,200 Monthly RentAn exceptional opportunity to take over a thriving evening bar-restaurant in one of Torrevieja’s most desirable coastal locations. Positioned on Avenida de la Purísima, just steps from Playa de los Locos, this venue offers high visibility, consistent foot traffic, and a vibrant atmosphere.Key HighlightsPrime Location: Situated in a high-demand area near the beachfront, surrounded by residential and tourist activity.Established Reputation: Popular with both locals and visitors, supported by strong reviews and repeat clientele.Fully Equipped: Includes a modern kitchen, stylish interior design, and all necessary fixtures for immediate operation.Entertainment Appeal: Known for live music and karaoke nights that create a lively, welcoming environment.Diverse Menu: Features a mix of German, Eastern European, and Spanish cuisine, catering to a broad audience.Expansion Potential: Currently operating evenings only, with clear scope to introduce breakfast and lunch service to boost revenue.Business OverviewLeasehold Transfer: €60,000Monthly Rent: €1,200Premises Size: 109 m²Layout: Three interior zones, two restrooms, street-level access, and a five-meter façadeTorrevieja continues to grow as a year-round destination, with strong tourism, a dynamic nightlife, and a large expatriate community. This business offers a turnkey solution with real potential for growth and long-term success.For more details or to arrange a viewing, contact us today
Property Features
- 0 bedrooms
- 0 bathrooms
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,000€
Final Payment of 90% on completion
54,000€
Property Purchase Expenses
Property price
60,000€
Transfer tax 8%
4,800€
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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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.