Homes and Businesses for Sale in Costa Del Sol
Established Since 1997

Buying Guide

Buying Commercial and Residential Property through Kingsway Estates Spain S.L. means you and your finances are in safe hands.  With over 10 years experience in the Spanish property market we can assist you, together with our Spanish legal representatives to make a safe secure purchase and take the worry away from you.  We are an office based Company so you know where we are and we follow the strict code of practice set by the Federation of British Estate Agents in Spain.  We have a wealth of local knowledge that we can share with you making your move easier and helping you to get settled in quicker and living the Costa life sooner.  We know how you feel, we did the move ourselves with young children and our only regret is that we did not do it sooner.  Please remember our reputation has been built on word of mouth recommendations, we need to look after you because we want your recommendation in the future.

 

Commercial Department.

Most businesses for sale in  Costa del Sol will be purchased leasehold, we have over the years become specialists in this field helping hundreds of people realise their dream of living and working on the Costa del Sol.  With the right advise and support buying Commercial property, lease or freehold, is basically simple and easy but be careful of the many so called commercial agents who are not office based, who operate from a mobile phone and without legal Spanish representation, it does go on so be aware – ask your agent how long they have been operating, ask them to introduce you to several of their clients who have previously purchased through them and do not pass deposits over until all relevant paperwork has been scrutinised, verified and conveyed by a Spanish solicitor or reputable gestor. 
 

In Spain a 10% deposit is required to fully secure and formalise a property purchase, at this point the property will be removed from sale and a completion date agreed.  To bring a full 10% deposit with you is sometimes impractical so a smaller amount of say 3.000 to 6.000 euros can be used as a reservation securing deposit until the complete deposit balance can be paid, we can advise on the most cost effective way to transfer from your home bank to Spain. Here’s our promise to you: 

  

To give you a friendly personal service if you are looking at businesses for sale in Fuengirola, Benalmadena, Torremolinos, Mijas, Malaga and all along the Costa del Sol, with no pressure selling, we as the owners escort you on viewings and not commission driven sales people.

  • To listen patiently to your requirements and carry out informative relaxed property viewings with personal introductions to the vendors, we will try and find you a bar or business that fits your requirements and budget.
  • To explain in simple terms lease rental agreements or freehold purchases.
  • To negotiate the best possible price and terms of contract on your behalf.
  • To introduce you to an English speaking solicitor or gestor who will be legally responsible for managing your purchase, seeing no debts will be passed on to you.
  • We will also organise and apply for your N.I.E. (national identity) number and social security so you can work here legally and in some cases even receive a Spanish state pension.
  • Licence your new business and set up banking facilities.
  • Advise on schooling with introductions to various schools both Spanish state and International colleges who work with the British Curriculum.
  • Arrange for pets and furniture to arrive safely on the coast.
  • Assist in finding you suitable living accommodation.
  • We can also help with promoting your business.
  • We can supply you with a list of recommended and trustworthy tradesmen, promoters, radio stations, motor vehicle dealers, shop fitters, bar and restaurant constructors and reformers, drink suppliers, food retailers and importers, commercial and residential cleaners and many more individuals and companies who can help you on your way.
  • We offer either a voucher or a bar training period to those with no previous experience, please see our ‘cash back’ section

Here is some general information that you might find useful in understanding the purchase procedure of lease and freehold premises and running your bar or business:

Lease purchase is the most common way of acquiring business premises on the Costa del Sol.  Usually a landlord will grant a new lease to you for a period of say 5 to 10 years, sometimes longer, with a fixed monthly rental amount which can only increase by I.P.C. (Spanish inflation rate) annually, over the last few years this has been between 2 and 4%.  The monthly rental can only be increased further up to a 20% maximum if you transfer your lease or if the original lease period expires, in most cases your lease will be renewable with no further premium required but we advise you to find out for sure the renewability of the lease you are taking.  The monthly rents shown are generally the amounts that the current tenants are paying.  Our experience tells us that a landlord, normally Spanish, will allow you quiet enjoyment of the property and is only really interested in having a good reliable tenant who pays the rent on time.
 
In general operating a bar or small business on the Costa del Sol is easy with relatively low overheads compared with the UK, leases are a strong form of tenure backed by Spanish law.Public liability Insurance premiums are very reasonable along with local taxes and utility bills. We at Kingsway can help assess your monthly running costs and help with a business plan.
 
Bank loans and mortgages are not freely available for the purchase of leases so you should have your finances in order before you commit to a leasehold purchase, if you let us know the budget you have we can advise on the price of the businesses that you should consider, taking into account rent deposits, safety money, stock etc.  In the case of a freehold purchase we can arrange on your behalf low interest mortgages subject to status – please ask for details.
 
You do not have to employ Spanish staff in your business if you are from an EEC member state.  Wages for employees here are quite low with the average waiter, waitress or shop assistant working for around 4 to 6 euros per hour, competent seasonal workers are usually easy to find. We can advise and help you set up work contracts if required and register you for social security which enables you to work here legally and gives the benefit of an excellent health service.
 

Be careful if you are buying a registered limited Company in Spain as you will inherit liabilities to creditors and staff work contracts, we advise that you take advice from a laboral gestor on what your undertaking involves and what your liabilities will be.

 
Buying a Freehold premises: Viable freehold premises represent a very small proportion of commercial properties available for sale on the Costa del Sol.  Buying a freehold can be a great investment as you can then operate a business from the premises without paying rent, use it as collateral or even sell a lease and receive a monthly rental plus a participation fee if your tenant sells the contract.  A freehold sale is formally completed in Spain when the title deeds are signed before a notary (legal government licensed witness), the agreed payments made and possession given to the purchaser.  You should add approximately 10% to the price of the freehold premises to cover additional costs including legal, notary and land registration fees, transfer taxes etc.  The buying process is simple and transparent if you are advised correctly.
 
Important.  Please note, with reference to the properties and businesses advertised on this site. Every effort has been made to show accurate details and information relating to property descriptions and financial information, however, a great proportion of the details relating to the properties advertised are supplied to us by vendors and therefore we recommend that you use them as a guide only. If you should pursue a purchase of any of the properties then information will be verified and full searches carried out according to Spanish law.  No information shown constitutes the basis for a purchase or sale contract.
 
Residential Department.

It is said that buying a home is one of the biggest undertakings we will make, buying a residential or holiday home abroad therefore must be even more of an undertaking.

We at Kingsway Estates are independent and benefit by being here and keeping it simple and on top of the current property available.

 

We guarantee you a relaxed, unpressured, personal and professional service.

We have time to listen and have no commission only sales people.

We want you to be entirely happy and content with your purchase.

There is nothing more depressing than to arrive on the coast and find the property prices and often the beautiful looking property shown on websites or in glossy brochures do not match up to your expectations, or in fact do not exist.

We are all governed by a budget and often we are asked to exceed what would be comfortable for us in order to secure our dream home in the sun, we at Kingsway work on lower commissions than most other office based Agents on the coast, we are independent and therefore it often reflects in lower property asking prices.

Please consult us with your budget and desires and we will spend time trying to find you the right property at the right price.

 

We can help you:

Safely purchase, in conjunction with Spanish legal advisers, your home in Spain.

Advise and help with mortgages.

Advise on schools in the area you decide upon.

Introduce you to local tradesmen and builders if you require reformation or work on your home.

We are in collaboration with painters, decorators and interior designers.

We can also fully furnish your home at very reasonable prices.

We can also arrange for pets and furniture to arrive safely on the Costa del Sol.
 
Important.  Please note, with reference to the properties and businesses advertised on this site. Every effort has been made to show accurate details and information relating to property descriptions and financial information, however, a great proportion of the details relating to the properties advertised are supplied to us by vendors and therefore we recommend that you use them as a guide only. If you should pursue a purchase of any of the properties then information will be verified and full searches carried out according to Spanish law.  No information shown constitutes the basis for a purchase or sale contract.

 

 

 Kingsway Estates, Specialists in Businesses for sale in Fuengirola, Torremolinos, Benalmadena , Mijas, Marbella and all along the Costa del Sol.