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Investment opportunity. Located in a beach front commercial and residential building on Montemar Playa in Torremolinos. The property is currently leased and is operating as a Public House. The property is highly visible both from the road and the beachside promenade. The area is densely populated and is home to a large number of 3 and 4 star hotels. At the current rental rate the property is offering 6% yield at the asking price.
Real Property Included
Montemar Beach. Surrounded by residential and hotels. Great commercial location.
Rectangular premises with terrace within 40 meters of the beach in a commercial/residential block.
Currently licensed as a bar.
Very high footfall thriving and popular commercial area.
Owner retiring. Owner is not running a business in the premises. There is a lessee who wishes to remain in the property currently paying 9.600€ per annum.
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