Description

Excellent opportunity to purchase a fully licensed, freehold restaurant plus lounge bar in a prime position in Puerto del Carmen. The well-established restaurant has been operating since 2004 with French and European food being served. The restaurant extends to 200 m2 on two floors, including 50 seats inside plus a fully equipped kitchen with walk in fridges, industrial dishwasher, electric gas stoves, large storage area, etc. 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%): €38,675
Notary (incl. IGIC): €1,500
Land registry (incl. IGIC): €1,000
Estimated total: €41,175~6.9%

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

€2,141/ month

Loan €416,500 · 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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