126 m2
1
Successful family restaurant business, selling due to the retirement of the owners. Frequented by many locals and expats on a daily basis. Close to arenal beach, with a large terrace. Sold as a freehold property. Offering, kitchen, bar, bathrooms, terrace, and restaurant dining area. Highly recommended. Alternatively, you can pay a 70,000 euros traspasa/transfer and rent for 1300 a month in rent. This is a guide to the complete and full costs of buying a €475,000 resale commercial property (bar) in Alicante, Spain. WITHOUT mortgage:Purchase price €475,000 + Property Transfer Tax (ITP 10%) €47,500 + Notary fees approximately €1,500–€2,500 + Land Registry fees approximately €1,000–€1,500 + Lawyer / conveyancing fees approximately €4,000–€6,000 + Optional administration / gestoría / NIE costs approximately €500–€1,000 = total estimated purchase cost approximately €529,500–€533,500. WITH commercial mortgage:Purchase price €475,000 + Property Transfer Tax (ITP 10%) €47,500 + Notary fees (purchase) approximately €1,500–€2,500 + Land Registry fees (purchase) approximately €1,000–€1,500 + Lawyer / conveyancing fees approximately €4,000–€6,000 + Optional administration / gestoría / NIE costs approximately €500–€1,000 + Mortgage valuation fee approximately €500–€800 + Mortgage notary & registry fees approximately €700–€1,500 + Bank arrangement / opening fee approximately €0–€2,000 = total estimated purchase cost approximately €531,700–€540,800. Estimated cash required at completion with commercial mortgage: 50% LTV loan (typical conservative lending): approximate cash required €280,000–€288,000 65% LTV loan (upper range if bank offers higher): approximate cash required €194,000–€202,000 Disclaimer: This is for guide purposes only and does not constitute the final offer, which is dependent on an individual buyer’s situation, and does not include any discounts or enhancements given.
Bathrooms: 1
Built: 126m2
Furnished
Patio
Number of Parking Spaces: 2
Near Schools
WC: 1
Near Bus Route
Near Trees
Terrace: 40 Msq.
Key Ready
Near Childrens Parks
Central Heating, Air Conditioning: Yes
Airport: 60 Minutes
Parking - Space
Beach: 1 Minutes
Views: Villas
Useable Build Space: 166 Msq.
Kitchen: 15 Msq.
This info given here is subject to errors and do not form part of any contract. The offer can be changed or withdrawn without notice. Prices do not include purchase costs.
*Whilst we do try our best to provide current and correct information about all of our properties, CB Property Sales cannot be held responsible for any errors on our website, as quite often we are provided with information by third parties over whom we have no control.*
*The prices on our website are for the purchase of the property only, transfer tax (or IVA in the case of new build properties), notary fees, land registry fees and lawyers fees are not included*
First of all, thanks for contacting us.
We have received your request regarding the property reference: CBMES-27720. One of our agents will contact you as soon as possible.
First of all, thanks for contacting us.
We have received a request for a report if you lower the price of the property with the reference: CBMES-27720
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