Commercial Property for sale in El Verger, Alicante, Spain

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Ref: SV2488

Property marketed by Signature Villas SL

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For sale in Vergel restaurantbrasserie in operation. The 273 m2 built property is located in an industrial area on a 3,324 m2 plot. It consists of open and covered terraces, bar service where there is a wooden staircase to access a living room mezzanine, dining room with fireplace, fully equipped kitchen where you can access an outside bar which leads to the covered terrace. It has toilets and storage. At the rear there is a swimming pool with garden areas that leads to a corral for horses. The property is in operation so it is a good investment. It is close to services and amenities.

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Property Features

0 bedrooms
0 bathrooms
273m² Build size
3,324m² Plot size
Garden
Near Beach
newly built
close to all amenities

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

97,000€

Final Payment of 90% on completion

900,000€

Property Purchase Expenses

Property price

1,000,000€

Transfer tax 8%

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.

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Mortgage Amount:

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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.

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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%.