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.