3 bedroom Restaurant for sale in Mijas, Andalucia

800,000 EUR 688,000 GBP 864,000 USD

Reference: 202433

Bedrooms: 3
Bathrooms: 2
Floor Size: 665 m2
Plot Size: 1,700 m2

Features

Terrace
Potential for Income
Parking
Garage
Good Condition

Details

Superb old finca which is currently being run as a traditional restaurant with a 3 bedroom living area, located close to all amenities, situated in between Mijas and Fuengirola.

Currently trading as a restaurant and commercial unit, features include:
Ground floor: entrance hall, reception area, storage unit, 2 guest WC's, large kitchen, office and many open areas that could be used as additional reception rooms.

Lower floor: master bedroom with en-suite bathroom and dressing room, 2nd en-suite bedroom, living room, office, kitchen, split level living room, utility area and spiral staircase to 1st floor.

- Gas central heating via radiators
- Large triple garage
- Parking for around 10 cars
- Wonderful and tranquil lagoon style swimming pool
- Terraces and gardens
- Renovation required
- Beach: 5 minutes
- Malaga: 20 minutes
- Marbella: 25 minutes

This building is currently licensed for commercial use, but would lend itself equally as a fabulous private residence. There is the possibility to convert this finca into a 6 bedroom villa.

The current owner would be willing to do some renovation work on the signing of the Private Contract or deduct the price of the renovations from the selling price.

This is a unique property with many interesting architectural features with a fusion of Moorish and Andalusian finishes. Please note that it is not possible to guarantee the granting of a commercial license in the future.

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Spain Property Buying Guide

1. Putting down a Holding Deposit

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)

The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)

Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.