Description

Excellent opportunity to purchase a fully licensed, freehold restaurant in a prime position in Puerto del Carmen. The popular and well-established restaurant has been operating for over 25 years with French food being served. The restaurant has two dining areas, ground floor and first floor where the toilets are located, plus a fully equipped kitchen with walk in fridges, industrial dishwasher, electric gas stoves. Easily accessible entrance on street level, located in a prime position. Great business opportunity!

Location

Puerto del Carmen

Costs of buying

Indicative estimate

Transfer tax, notary and land registry fees

Transfer tax (ITP, 6.5%): €29,250
Notary (incl. IGIC): €1,350
Land registry (incl. IGIC): €900
Estimated total: €31,500~7%

Indicative planning figures, not a quote. Exact tax, notary, registry and legal costs depend on the property and your circumstances. Reduced transfer tax rates can apply to some buyers. New builds pay IGIC and stamp duty instead of transfer tax. NIE and bank charges not included.

Indicative monthly mortgage

€1,620/ month

Loan €315,000 · 70% LTV · 25 years · 3.75%

Illustration only, based on 70% loan-to-value over 25 years at 3.75%. Rates, eligibility and fees change. Ask us for a current figure from a Spanish mortgage broker.

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