Three-Bed Apartment Above Established Restaurant in El Toro
€1,650,000€5,518/m²
3
bedrooms
5
bathrooms
299 m²
interior
1 m²
plot
Apartment
property type
7 Jun 2026
listed
The Habio take
AI summaryThis unique property offers a fully functioning restaurant well-known for its excellent turnover, along with a spacious three-bedroom apartment above. Located in El Toro, near the vibrant Port Adriano, this property combines business potential with comfortable living.
- investment
- city
- luxury
- walkable
Highlights
- Three spacious bedrooms
- Five bathrooms for convenience
- Well-established restaurant with steady clientele
- Large plot size of 1,057 m²
- Close to Port Adriano's amenities
Worth knowing
- Requires management of the restaurant
- Potential noise from restaurant operations
- No specific outdoor space mentioned for the apartment
Good fit for: Ideal for entrepreneurs who enjoy hospitality and wish to live on-site.
Lifestyle scores
- Beach
- 75
- Walkable
- 80
- Remote work
- 60
- Family
- 70
- Retirement
- 65
- Airport access
- 70
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
Unique opportunity for someone who would like to own a fully functioning restaurant that is well known on the island, that has a large annual turnover, local residents who have been dining since it opened and the availability to live in the beautiful three bedroom two bathroom apartment above the restaurant.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
