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Ref: kf78468277316396928
Property marketed by Spanish Best Homes 2010, s.l.
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The purchase price is for the business transfer only or ´Traspaso´ (not ownership of the building which attracts a monthly rental to the landlord).Fantastic opportunity to acquire this thriving business! This well established restaurant and bar with long standing customers is offering an excellent business opportunity within catering and hospitality in the heart of the vibrant commercial area of Pinar de Campoverde.The business sale includes all furniture fixtures and fittings as well as existing stock. The business comes with a fully equipped kitchen, white goods and added storeroom.The current owners have successfully operated this business over the past 7 years and it is in a great location with excellent seating areas for up to 150 seats both indoor as well as the large sunny outdoor terraces. The current owners have built an excellent reputation for quality of food and service with regular live music events on the front and side terraces proving very popular for both local residents as well as visitors to the area. The business is located close to numerous other bars, shops and businesses in the Campoverde commercial area.A structured handover plan is available for the prospective buyers and great potential to develop the business further. Please contact our team for soonest viewing or further information.
Property Features
- 0 bedrooms
- 2 bathrooms
- Swimming Pool
- Garage
- Garden
- 0 Pool
- Terrace
- Basement
- Air Conditioner
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
2,500€
Final Payment of 90% on completion
49,496€
Property Purchase Expenses
Property price
54,995€
Transfer tax 8%
4,400€
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.