Offered at a BARGAIN PRICE these 2 licensed Freehold Bars will offer an astute investor the opportunity to receive high rental returns, estimated to be in excess of 9% per annum.
The seller requires a quick sale hence the low asking price.
Both licensed bars, one currently used as an office, are located side by side in a large pedestrian square surrounded by holiday let and residential apartments and other businesses.
With vacant possession a new owner has the opportunity to receive an immediate ROI by selling leases on both properties, estimated value 25.000€ plus, with combined annual rents forecast at circa 21.500 euros.
Property 1 – 40m2 licensed Bar with a 50m2 terrace area, currently used as an office but can easily be returned to a drinks bar. This property has been leased previously with a rent of 900 euros per month.
Property 2 – 50m2 licensed bar with a small kitchen. This bar is sold fully equipped. 50m2 terrace area. This bar has been leased previously with a rent of 1.200 euros per month.
Do not miss this fantastic opportunity.
- Asking Price:
- €220,000 Furniture / Fixtures included
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Pedestrian square in Benalmadena
The area is surrounded by apartments
Business Operation
- Trading hours:
-
Licenses allow these bars to open anytime during the hours of 06.00hrs until 02.00 plus an extra hour extension until 03.00hrs at weekends and public holidays.
Other Information
- Support & training:
-
Full support, help and advice will be given.
