La Rosa, El Paso, La Palma

Restaurant with a lot of personality located in a spacious and lovely house in colonial style LOCATION:

• Municipality of EL PASO
• Localityof LA ROSA
• Residential environment
• With mountain view
• ca. 800 m above sea level

DESCRIPTION: - The property has in total approx. 800 m² - Restaurant with a built-up area of approx. 254 m² Lower floor

• 5 dining rooms
• Bar
• 2 toilets

Upper floor

• Fully equipped kitchen of high quality
• Large events room
• 3 bar rooms with counter
• 2 toilets

-Apartmentof approx 40 m²

• Dining kitchen
• 1 room
• 1 bathroom

- Romantic terraces - Storage room in the garden GENERAL CONDITION:

• Good general conditions

BUILDING MATERIALS:

• Plastered stone walls
• Partially, canarian roofs
• Partially ferroconcrete flat roof
• Doors and windows of wood
• Ceramic floor tiles

SUPPLIERS:

• Electricity
• Town water connection

INVENTORY:

• Furniture and fixtures are included in the Price

GROUND: The property has approx. 800 m²

• Flat land
• Partially left in its natural state
• Ornamental trees
• Flowers
• Gravelled areas with low maintenance
• There is the possibility of acquiring more adjoining land

ROAD COMMUNICATION:

• Entrance directly from the street

DRIVING DISTANCES:

• El Paso in about 4 minutes
• Los Llanos in about 14 minutes
• Tazacortein about 20 minutes
• Breña Alta in about 20 minutes
• Santa Cruz in about 35 minutes

MORE INFORMATION:

• Business opportunity!
• Cosy terraces
• Rural area, yet centrally located
• Good road connections to anywhere

A NICE PROPERTY AND GOOD INVESTMENT! ---------------------------------------------------------- ADDITIONAL COSTS WHEN BUYING A PROPERTY: Every purchase of real estate causes additional costs to the stated selling price, generally in the range of 10 to 11%. These expenses are usually the following:

• the land transfer tax: 6.5% of the purchase price
• the costs of land registration
• the notary fees
• the costs of changing ownership in the cadastre
• the real estate agency’s professional fees: 3% (minimum 1,800 euros, IGIC not included) on the real selling price

Additional costs and variations to be considered:

• the mortgage costs, in the case of financing the purchase
• If the seller is a promoter, there is no land transfer tax to pay, but 7% IGIC plus 1% for documented juridic acts tax, of the purchase price