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Ref: M270573
Property marketed by Best Real Estate Costa Blanca SL ( MOVE2SPAIN )
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The property is located just 1 minute walk to the beach of palmira and only 5 minutes by car to the boulevard of peguera where there are a wide variety of restaurants, venues, shops and nightlife area. The restaurant is located in a tourist area with clear views. The property is distributed in entrance hall, dining room with 48 seats, a bar both with direct access to the terrace, 3 toilets (Men, Women and people with reduced mobility), fully furnished and equipped industrial kitchen with appliances, a room for employees with bathroom with shower and a storage room. Outside the restaurant there is a large terrace with 60 seats, unobstructed views and a storage room. The entire restaurant is sold furnished and with a license to continue with the activity. The price does not include the corresponding taxes of the purchase, nor the notary and property registration expenses.
Property Features
- 0 bedrooms
- 1 bathroom
- 230m² Build size
- Telephone
- laundry
- Terrace
- Appliances
- Storeroom
- Light
- Water
- Furniture
- Locker Room
- Pantry
- Water softener
- Trifasica
- Smoke Vent
- X
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
124,200€
Final Payment of 90% on completion
1,144,800€
Property Purchase Expenses
Property price
1,272,000€
Transfer tax 10%
127,200€
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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Spanish Property News & Updates by Spain Property Portal.com
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.