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Ref: AG19142178

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The Shandon Bells is an Irish-themed bar and restaurant named after the bells of Shandon Church in Cork and is located on the ground floor of Villamartin Plaza, a shopping center next to the emblematic Villamartin Golf course. 100 percent ready for operation from the start. With all licenses and permits. If you have any questions, contact us as soon as possible. Currently, the bar is only focused on tourists and is busy approximately 26 weeks a year. If changes are made, another approach could be given and thus increase occupancy and therefore sales. The pub has a music license so it can open from noon to 4am. This also gives you the option to increase sales with longer opening hours. Shandon Bells produces between 300,000 and 400,000 euros a year in sales. Net profit margins are around 32-35%. 100 percent ready for operation from the start. With all licenses and permits, including music and opening until 4:00. If you have any questions, contact us as soon as possible.

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Property Features

0 bedrooms
0 bathrooms
100m² Build size
Golf course
Near bus route
Aircondition, Split system
Fully furnished

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

102,000€

Final Payment of 90% on completion

945,000€

Property Purchase Expenses

Property price

1,050,000€

Transfer tax 8%

84,000€

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.

Mortgage Calculator

Mortgage Amount:

1,050,000€

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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%.