5 bedroom Commercial Property for sale in Montefrio, Granada, Spain

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Ref: CM180

Property marketed by Inland Andalucia

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This extensive entertainment venue with a number of bars, a large restaurant, multiple party and conference rooms, stables, a swimming pool and 5 bedroom accommodation is situated close to Montefrio, one of the most famous towns in the Granada province of Andalucia, Spain, known for its stunning views. The complex with a total build of 1,041m2 comes with generous grounds of 6,477m2 and accessed directly off a main road. You enter the various buildings from the spacious, gated car parks at the front of the property. The large-scale commercial kitchen allows for catering to a number of simultaneous events including wedding receptions, conferences as well as live music entertainment. Above the bar and restaurant is a 4 bedroom apartment, there is also a swimming pool and sun terrace, you have a separate apartment, various storage outbuildings and stables. The entire entertainment complex, which needs to be seen in person, to appreciate just what is included, is on the market for 800,000 euros.

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Property Features

5 bedrooms
7 bathrooms
1,041m² Build size
6,477m² Plot size
Swimming Pool
Air Conditioning
B&B potential
Bar
Barbecue House
BBQ
Central Heating
Charming Property
Close to Amenities
Detached
Fireplace
Fitted Kitchen
Fruit Trees
Full of Character
Garden
Good Rental Potential
Guest Apartment
Guest Toilet
Ideal Family Home
Ideal for Country Lovers
Immaculate Condition
Internet
Investment Property
Off Road Parking
Parking Space
Part Furnished
Patio
Private Garage
Private Pool
Private Terrace
Renovated
Separate Diner
Spacious Accommodation
Spectacular views
Stable
Storage Room
Sun Terrace
Tastefully Decorated
Well Presented
Wine Cellar

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

77,000€

Final Payment of 90% on completion

720,000€

Property Purchase Expenses

Property price

800,000€

Transfer tax 10%

80,000€

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:

800,000€

Deposit:

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* 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

Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.