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Property marketed by The Property Group
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We are pleased to present a remarkable opportunity to acquire a well-established restaurant through a business transfer ("Traspaso") Please note that the listed purchase price pertains solely to the business transfer and does not include ownership of the building, which is subject to a monthly rental agreement with the landlordThis thriving establishment spans two units and boasts a loyal customer base, positioning it as an excellent investment within the catering and hospitality sector in the bustling commercial area of La Finca, AlgorfaThe sale encompasses all furniture, fixtures, fittings, and existing stock, ensuring a seamless transition for the new owner The restaurant features two fully equipped kitchens, a spacious dining area, and a beautifully designed outdoor covered terrace that offers stunning views Additionally, the premises have recently undergone renovations, including modernized restrooms and a fully stocked bar A substantial storage area further enhances the operational capabilities of the businessThe current proprietors have cultivated a stellar reputation for exceptional food quality and service Regular live music events have proven to be highly popular among both local residents and visitors, contributing to the restaurant's vibrant atmosphere The location benefits from proximity to various bars, shops, and businesses within the La Finca commercial center, enhancing foot traffic and visibilityA structured handover plan will be provided to prospective buyers, highlighting the potential for further business development and growthFor inquiries or to schedule a viewing at your earliest convenience, please do not hesitate to contact our team
Property Features
- 0 bedrooms
- 2 bathrooms
- Close to Amenities
- Close to Golf
- Entrance Hall
- Fitted Kitchen
- Furniture - Fully Furnished
- Mountain views
- Store room
- Storeroom
- Terraced areas
- White Goods Included
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
3,000€
Final Payment of 90% on completion
53,996€
Property Purchase Expenses
Property price
59,995€
Transfer tax 8%
4,800€
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.