Commercial Property for sale in Santa Cruz de Tenerife, Tenerife, Spain

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Ref: 056741/6907

Property marketed by Canary Hogar

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Commercial premises for sale in full operation as a bar-restaurant, located in an excellent central area, with high pedestrian traffic and perfectly connected by tram and public transport. A strategic location, surrounded by all services.~~The sale price includes both the premises and the transfer of the business and its current activity licence, allowing the operation to continue without interruption.~~The restaurant is fully equipped and operational, with a professional kitchen equipped with all the accessories and machinery necessary to prepare any type of menu. The premises has a stable clientele and growth potential.~~An ideal opportunity for professionals in the hospitality sector who wish to start or expand their activity with a safe and profitable investment.~~

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Property Features

0 bedrooms
2 bathrooms
82m² Build size
Alarm Theft
Light
Water
Terrace
Air-Conditioning
Alarm
Furniture
Appliances
Storeroom

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

21,000€

Final Payment of 90% on completion

216,000€

Property Purchase Expenses

Property price

240,000€

Transfer tax 10%

24,000€

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:

240,000€

Deposit:

€

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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.

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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%.