Commercial Property for sale

Commercial Property for sale

Mijas, Málaga
475,000
 
  • Commercial Property for sale
  • Commercial Property for sale
  • Commercial Property for sale
  • Commercial Property for sale
  • Commercial Property for sale
  • Commercial Property for sale
  • Commercial Property for sale
  • Commercial Property for sale
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Charming Restaurant for Sale: Prime Renovation Opportunity Near Mijas
Overview
This is a unique opportunity to acquire a once highly successful restaurant that is now ready for a complete renovation. Located near the picturesque white village of Mijas, this property offers immense potential for investors or restaurateurs looking to create a thriving dining destination.

Property Details
Two Floors: The restaurant boasts two spacious floors, providing ample space for dining areas, a bar, and kitchen facilities.
Covered Terrace: Enjoy the added benefit of a covered terrace, perfect for al fresco dining in all seasons.
Parking: Convenient parking is available directly in front of the restaurant, making it easily accessible for customers.
Location
Proximity to Mijas: Situated close to the charming and popular white village of Mijas, a major tourist attraction known for its beauty and traditional Spanish charm.
Accessibility: Easily reachable from surrounding areas, ensuring a steady flow of both local patrons and tourists.
Investment Potential
High Demand Area: The vicinity to Mijas ensures a constant influx of visitors, providing a solid customer base.
Renovation Potential: With a total renovation, this restaurant has the potential to regain and surpass its former success, offering a fresh and modern dining experience that will attract a diverse clientele.
Expansion Opportunities: The two floors and covered terrace allow for creative layouts and unique dining concepts that can cater to a variety of events and gatherings.
Why Invest?
Strategic Location: Nestled in a prime location near Mijas, with picturesque surroundings that enhance the dining experience.
Growth Potential: The restaurant's previous success is a testament to its potential; with the right vision and renovation, it can become a landmark dining destination once again.
Versatile Space: The property's layout and features provide endless possibilities for innovative dining concepts and special events, making it a versatile investment.
Don't miss out on this rare opportunity to transform a well-located property into a bustling, modern restaurant. With the right investment and creativity, this restaurant can once again become a beloved hotspot for both locals and tourists. Contact us today to learn more and schedule a viewing
Restaurant, Mijas, Costa del Sol.
Built 440 m², Garden/Plot 580 m².

Setting : Mountain Pueblo.
Orientation : South.
Condition : Renovation Required, Restoration Required.
Views : Sea, Mountain.
Features : Covered Terrace, Restaurant On Site.
Parking : Street, More Than One, Private.
Category : Investment, Resale.

Property Features

  • 0 bedrooms
  • 0 bathrooms
  • 440m² Build size
  • 580m² Plot size
  • renovation needed
  • covered terrace
  • parking
  • mountain views
  • sea views
  • close to restaurants

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
44,500€
Final Payment of 90% on completion
427,500€
 
Property Purchase Expenses
Property price
475,000€
Transfer tax 10%
47,500€
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:
475,000€
Deposit:
Interest Rate:
%
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Mortgage Result

* 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.

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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