Commercial for sale in Alicante / Alacant city, Alicante

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 280,000-288,000 65% LTV loan (upper range if bank offers higher): approximate cash required 194,000-202,000.