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Property marketed by ExtremaCasa
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A functioning bar-restaurant in the popular mountain village of Acebo. Covered terrace, street terrace, ground floor dining area, kitchen where two people can work comfortably. Lots of storage room in the generous basement. Patio and steps leading up to the first floor dining area which is suitable for conversion to living quarters. Two large terraces on first floor with views over the village and the countryside to the east and the street to the west. This property is ideal for a couple looking to run a business in a friendly mountain village. Though local custom would be regular, the busiest periods of the year would at holiday times especially from June to September.
Property Features
- 0 bedrooms
- 1 bathroom
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
25,000€
Final Payment of 90% on completion
252,000€
Property Purchase Expenses
Property price
280,000€
Transfer tax 10%
28,000€
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.