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€450,000
Description
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 50,000 euros traspasa/transfer and rent for 1300 a month in rent.
Guide to the Full Purchase Costs of a €450,000 Resale Commercial Property (Bar) in Alicante, Spain
This guide outlines the estimated total costs involved in purchasing a resale commercial property (bar) in Alicante, based on a purchase price of €450,000. Figures are indicative and provided for guidance only.
1. Purchase Without a Mortgage
Purchase price: €450,000Property Transfer Tax (ITP – 10%): €45,000
Estimated professional and administrative costs:
Notary fees: €1,500 – €2,500Land Registry fees: €1,000 – €1,500Lawyer / conveyancing fees: €4,000 – €6,000Optional administration / gestoría / NIE costs: €500 – €1,000Estimated Total Purchase Cost (No Mortgage)
Approximately €502,000 – €506,000
2. Purchase With a Commercial Mortgage
Purchase price: €450,000Property Transfer Tax (ITP – 10%): €45,000
Purchase-related costs:
Notary fees (purchase): €1,500 – €2,500Land Registry fees (purchase): €1,000 – €1,500Lawyer / conveyancing fees: €4,000 – €6,000Optional administration / gestoría / NIE costs: €500 – €1,000Mortgage-related costs:
Mortgage valuation fee: €500 – €800Mortgage notary & registry fees: €700 – €1,500Bank arrangement / opening fee: €0 – €2,000Estimated Total Purchase Cost (With Mortgage)
Approximately €503,200 – €510,300
3. Estimated Cash Required at Completion (With Commercial Mortgage)
Based on typical Spanish commercial lending assumptions:
50% Loan-to-Value (conservative lending):Approx. €278,000 – €285,000 cash required65% Loan-to-Value (upper lending range, subject to approval):Approx. €211,000 – €218,000 cash requiredDisclaimer
This guide is provided for informational purposes only and does not constitute a binding offer or financial advice. Final costs depend on the buyer’s individual circumstances, lender criteria, professional fees, and any applicable discounts or incentives, which are not included in this estimate.
Furniture
Fully Furnished
Community Fees: €0 / monthly
Waste Disposal Fees: €0 / annually
Property Tax (IBI): €0 / annually
€450,000
Highlights
Reference
R5174344
Price
€450,000
Location
Javea
Area
Alicante
Property Type
Other
Bedrooms
Bathrooms
1
Plot Size
0 m2
Built
126 m2
Terrace
0 m2
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 50,000 euros traspasa/transfer and rent for 1300 a month in rent.
Guide to the Full Purchase Costs of a €450,000 Resale Commercial Property (Bar) in Alicante, Spain
This guide outlines the estimated total costs involved in purchasing a resale commercial property (bar) in Alicante, based on a purchase price of €450,000. Figures are indicative and provided for guidance only.
1. Purchase Without a Mortgage
Purchase price: €450,000Property Transfer Tax (ITP – 10%): €45,000
Estimated professional and administrative costs:
Notary fees: €1,500 – €2,500Land Registry fees: €1,000 – €1,500Lawyer / conveyancing fees: €4,000 – €6,000Optional administration / gestoría / NIE costs: €500 – €1,000Estimated Total Purchase Cost (No Mortgage)
Approximately €502,000 – €506,000
2. Purchase With a Commercial Mortgage
Purchase price: €450,000Property Transfer Tax (ITP – 10%): €45,000
Purchase-related costs:
Notary fees (purchase): €1,500 – €2,500Land Registry fees (purchase): €1,000 – €1,500Lawyer / conveyancing fees: €4,000 – €6,000Optional administration / gestoría / NIE costs: €500 – €1,000Mortgage-related costs:
Mortgage valuation fee: €500 – €800Mortgage notary & registry fees: €700 – €1,500Bank arrangement / opening fee: €0 – €2,000Estimated Total Purchase Cost (With Mortgage)
Approximately €503,200 – €510,300
3. Estimated Cash Required at Completion (With Commercial Mortgage)
Based on typical Spanish commercial lending assumptions:
50% Loan-to-Value (conservative lending):Approx. €278,000 – €285,000 cash required65% Loan-to-Value (upper lending range, subject to approval):Approx. €211,000 – €218,000 cash requiredDisclaimer
This guide is provided for informational purposes only and does not constitute a binding offer or financial advice. Final costs depend on the buyer’s individual circumstances, lender criteria, professional fees, and any applicable discounts or incentives, which are not included in this estimate.
Furniture
Fully Furnished
Community Fees: €0 / monthly
Waste Disposal Fees: €0 / annually
Property Tax (IBI): €0 / annually