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House with restaurant for sale in the old town of Marbella, ideal for Bed & Breakfast, restaurant plus accomodation, Hotel... It consists of 4 floors with 76m2 each, on the ground floor the fully equipped restaurant is located at street level, with a warehouse, currently rented and running, and an independent entrance with access to the house. On the 1st floor there are 1 living room with balcony, kitchen, dining room and bedroom. On the 2nd floor there are 3 bedrooms with balcony and 1 full bathroom. On the 3rd floor is the solarium with magnificent views and 1 laundry room. The house is 58 years old, it needs complete reform, except the restaurant. ITE available
Property Features
- 4 bedrooms
- 2 bathrooms
- 260m² Build size
- 76m² Plot size
- renovation needed
- close to all amenities
- utility room
- fitted kitchen
- air conditioning
- terrace
- roof terrace
- alarm system
- electric blinds
- unfurnished
- fitted bathroom
- mountain views
- sea views
- store room
- close to restaurants
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
122,000€
Final Payment of 90% on completion
1,125,000€
Property Purchase Expenses
Property price
1,250,000€
Transfer tax 10%
125,000€
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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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.