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Ref: ANS799
Property marketed by Anderssons.es
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***OFFERED BY ANDERSSONS.ES***FREEHOLD SALE, Yumbo center! A very rare opportunity, as a freehold purchase of a commercial property rarely comes available in this location. A well-established business on the ground floor, with direct views to the square.A double unit with a spacious terrace, that has a seating capacity for 50 guests.Fully equipped kitchen and a bar area with all appliances included in the sales price.The opening license is “BC”, bar/cafeteria, which means that drinks, cocktails, and snack foods can be served.2 guest toilets. This is an up and running business, with the same ownership over 20 years, with repeat clients returning yearly. If not to say daily, as it's also very popular among ex-pats living in Gran Canaria.With all licenses, concepts, and appliances included, you can start having an income from the first day.And purchasing this property gives you the opportunity to OWN your own premises, not having to pay any rent.You only have to pay a monthly Community fee of € 160 per month and a yearly Terrace fee of approx. € 2000 per year. Yumbo center is not only the busiest center all year round.It is also here, the yearly “PRIDE” festival, Carnival, and Theme weeks are held regularly.With known artists performing on the main stage and guests gathering from all over the world. FREEHOLD Price: € 750.000Contact us for a viewing TODAY
Property Features
- 0 bedrooms
- 2 bathrooms
- 70m² Build size
- 120m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
72,000€
Final Payment of 90% on completion
675,000€
Property Purchase Expenses
Property price
750,000€
Transfer tax 10%
75,000€
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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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.