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Freehold Commercial Investment Property In Torremolinos For Sale

Torremolinos, Malaga
Asking Price:
€160,000
Turnover:
€9,600
Net Profit:
Not applicable

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.

Property information

Real Estate:

Real Property Included

Location:

Montemar Beach. Surrounded by residential and hotels. Great commercial location.

Premises Details:

Rectangular premises with terrace within 40 meters of the beach in a commercial/residential block.

Size in square feet:
600
Planning Consent:

Currently licensed as a bar.

Business Operation

Competition / Market:

Very high footfall thriving and popular commercial area.

Reasons for selling:

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.

Trading hours:

Not applicable

Employees:
Not applicable
Years established:
N/A

Other Information

Support & training:

Not applicable

Contact Information

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