Villa · Sale · Alicante · Jávea ·

Ref.

MAN-6354530

126m²

Build

Baths

475.000€

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Bedrooms: 0
Bathrooms: 1
Built: 126m²
Energy Rating: Array
patio
furnished
Key Ready
Near schools
Near Trees
Near Childrens Parks
Near Bus Route
Airport: 60 Minutes
Number of Parking Spaces: 2
Beach: 1 Minutes
Parking - Space
Central Heating, Air Conditioning: Yes
Terrace: 40 Msq.
Views: Villas
Useable Build Space: 166 Msq.
Kitchen: 15 Msq.
WC: 1

Successful family restaurant business, selling due to the retirement of the owners. Frequented by many locals and expats on a daily basis. Close to arenal beach, with a large terrace. Sold as a freehold property. Offering, kitchen, bar, bathrooms, terrace, and restaurant dining area. Highly recommended. Alternatively, you can pay a 70,000 euros traspasa/transfer and rent for 1300 a month in rent.
This is a guide to the complete and full costs of buying a €475,000 resale commercial property (bar) in Alicante, Spain.
WITHOUT mortgage:Purchase price €475,000 + Property Transfer Tax (ITP 10%) €47,500 + Notary fees approximately €1,500–€2,500 + Land Registry fees approximately €1,000–€1,500 + Lawyer / conveyancing fees approximately €4,000–€6,000 + Optional administration / gestoría / NIE costs approximately €500–€1,000 = total estimated purchase cost approximately €529,500–€533,500.
WITH commercial mortgage:Purchase price €475,000 + Property Transfer Tax (ITP 10%) €47,500 + Notary fees (purchase) approximately €1,500–€2,500 + Land Registry fees (purchase) approximately €1,000–€1,500 + Lawyer / conveyancing fees approximately €4,000–€6,000 + Optional administration / gestoría / NIE costs approximately €500–€1,000 + Mortgage valuation fee approximately €500–€800 + Mortgage notary & registry fees approximately €700–€1,500 + Bank arrangement / opening fee approximately €0–€2,000 = total estimated purchase cost approximately €531,700–€540,800.
Estimated cash required at completion with commercial mortgage:
50% LTV loan (typical conservative lending): approximate cash required €280,000–€288,000
65% LTV loan (upper range if bank offers higher): approximate cash required €194,000–€202,000
Disclaimer: This is for guide purposes only and does not constitute the final offer, which is dependent on an individual buyer’s situation, and does not include any discounts or enhancements given.