Commercial unit for sale in Javea, Alicante, Spain.

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–€288,00065% LTV loan (upper range if bank offers higher): approximate cash required €194,000–€202,000Disclaimer: 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