Commercial for sale in Montgó - Ermita, Javea / Xàbia, Alicante

Guide to the Full Purchase Costs of a €475,000 Resale Commercial Property (Bar) in Alicante, Spain

Indicative Cost Guide – Alicante, Spain

1. Purchase Without a Mortgage

Purchase Price
ItemAmount Property price€475,000 Property Transfer Tax (ITP – 10%)€47,500sfer Tax (ITP – 10%)€47,500

Estimated Professional and Administrative Costs
ItemEstimated CostNotary fees€1,500 – €2,500Land Registry fees€1,000 – €1,500Lawyer / conveyancing fees€4,000 – €6,000Administration / gestoría / NIE costs€500 – €1,000

Estimated Total Purchase Cost (No Mortgage)
Approximately €529,500 – €533,500

2. Purchase With a Commercial Mortgage

Purchase Price
ItemAmountProperty price€475,000Property Transfer Tax (ITP – 10%)€47,500

Purchase-Related Costs
ItemEstimated CostNotary fees (purchase)€1,500 – €2,500Land Registry fees (purchase)€1,000 – €1,500Lawyer / conveyancing fees€4,000 – €6,000Administration / gestoría / NIE costs€500 – €1,000

Mortgage-Related Costs
ItemEstimated CostMortgage valuation fee€500 – €800Mortgage notary & registry fees€700 – €1,500Bank arrangement / opening fee€0 – €2,000

Estimated Total Purchase Cost (With Mortgage)
Approximately €530,700 – €537,800

3. Estimated Cash Required at Completion (With Commercial Mortgage)

Based on typical Spanish commercial lending assumptions:
Loan-to-ValueEstimated Loan AmountEstimated Cash Required50% LTV (conservative lending)€237,500€293,200 – €300,30065% LTV (subject to approval)€308,750€221,950 – €229,050

Important Notes
Commercial mortgage lending in Spain is generally more conservative than residential lending. Non-resident buyers may face stricter lending criteria and additional documentation requirements. Banks may require proof of income, business plans, or trading history for hospitality businesses. Ongoing ownership costs such as community fees, local business taxes, utilities, insurance, and refurbishment costs are not included in these estimates.