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Ref: CP670/14391
Property marketed by Competa Properties S.L.
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Magnificent business being run as a bar and restaurant with owners accommodation and separate guest apartment. Located between the two villages of Competa and Torrox.
Interior accommodation comprises, on the ground floor there is a public bar with dining and pool table area and open fireplace, a fully-fitted and equipped kitchen with utility area, private dining room, ladies & gents toilets, and two large store rooms.
A stairway leads up to the first floor, to the owners accommodation which consists of a spacious open plan kitchen, two doubles and a single bedroom with family bathroom and a bright and spacious living/dining room with a log burning stove and access to a lovely terrace with BBQ area and lovely views of the countryside.
Additionally there is a guest apartment (currently undergoing refurbishment) that consists of two double bedrooms, a bathroom and an open plan living area with a fitted kitchen & breakfast bar. There is also access up to a large roof terrace which has incredible views of the sea and countryside.
The property sits on a level plot with ample garden space, terraces, plenty of parking space and it is partially fenced.
This is a perfect opportunity for those who want to invest in a business with the option to be able to live there or to provide a rental income.
Interior accommodation comprises, on the ground floor there is a public bar with dining and pool table area and open fireplace, a fully-fitted and equipped kitchen with utility area, private dining room, ladies & gents toilets, and two large store rooms.
A stairway leads up to the first floor, to the owners accommodation which consists of a spacious open plan kitchen, two doubles and a single bedroom with family bathroom and a bright and spacious living/dining room with a log burning stove and access to a lovely terrace with BBQ area and lovely views of the countryside.
Additionally there is a guest apartment (currently undergoing refurbishment) that consists of two double bedrooms, a bathroom and an open plan living area with a fitted kitchen & breakfast bar. There is also access up to a large roof terrace which has incredible views of the sea and countryside.
The property sits on a level plot with ample garden space, terraces, plenty of parking space and it is partially fenced.
This is a perfect opportunity for those who want to invest in a business with the option to be able to live there or to provide a rental income.
Property Features
- 6 bedrooms
- 2 bathrooms
- 437m² Build size
- 2,082m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
56,500€
Final Payment of 90% on completion
535,500€
Property Purchase Expenses
Property price
595,000€
Transfer tax 10%
59,500€
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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