Property Overview
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- Size:
- 581 sq ft / 54 sq m
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- Usage:
- A3, A4
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- Sale Type:
- For Sale
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- Rental Income:
- N/A
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- Property Type:
- Bars
- Cafés
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- Auction:
- No
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- Development Opportunity:
- No
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- Investment Opportunity:
- Yes
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- Tenanted:
- No
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- Energy Rating:
- N/A
General Summary
The very low Freehold price set for this beautifully presented Bar with Kitchen represents in market comparison a real and obvious bargain and sound investment.
The owner, who currently operates the bar, has owned the bar for 12 years, 10 of which he rented it out for a monthly rent of 1.300 euros. 12 months ago a complete no expense spared refurbishment was carried out resulting in a high quality and near perfect stunning bar that is so attractive and inviting and much appreciated by many local expat regular customers who really enjoy the elegant atmosphere.
Located just a stones throw from the beach, the bar really benefits from 2 large terraces and two entrance doors (electric roller shutters are installed) which allows a welcome breeze to radiate through the bar. There is a good sized fully tiled and extracted kitchen complete with stainless steel equipment and fitments, a large window in the kitchen could be used as a servery to one of the terraces. The bars interior is stunning, there are pin spot ceiling lights, under bar coloured illumination and a marble top serving bar behind which are 4 low level glass fronted bottle display chillers and a further bottle fridge. A large mirror back sets the bar and is complete with plenty of bottle shelving. Comfy chairs and high stools at tables offer seating inside for around 24. One of the terraces which has hard wood decking as a nice feature contains a pool table which generates a good stream of income. There are also sofas plus additional terrace seating for over 40 customers. Satellite TV, juke box and wireless alarm are fitted.
You really need to view this bar to fully appreciate what is on offer ‘it’s fantastic’. This could suit either an owner operator or an investor, the monthly fixed costs are very low indeed, rates only 460 euros per annum, and the bar is easily run, or a new owner cold sell a lease on the property and enjoy a good monthly income return, we believe there would be plenty of takers if the bar were offered on a lease option. So, don’t delay on this great bargain opportunity. The vendor requires a quick sale hence the price.
