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This is a rare opportunity to purchase a freehold property in the center of a town that is in the process of re-gentrification.
The property also has all permissions granted to trade in the lifestyle industry of Wellness, Health and Good Living.
It also boasts a sun terrace that is unique in a town center with a licensed bar & themed plunge pool already established.
At entrance level there are four locals opposite the main entrance to the spa, at present they are incorporated into the facilities, but with a little investment they could be separated and used to generate an alternative revenue.
• Business License • Certificate of Occupancy • Building Health Permit • Dept free Declaration • Electrical project and certificate • Fire safety Cert • Disability access certificate
Facilities & Installations • Steam room (Turkish bath) • Sauna 15 person • 25 treatment rooms (cabins) • 20 Jacuzzi • 8 consultant rooms • 4 street level Locals • 780 m2 Exclusive terrace • Lift and total disabled access • HAVC system • Terrace Bar.
Roof Terrace, Pool & Bar
• Themed plunge pool, • 20 person Jacuzzi (covered) • Toilets and changing rooms • 380 m2 used + 400 m2 for development • Sunken VIP sitting • Sea views • Fully Functional Bar.
Roof Terrace, Pool & Bar
• The premises have exclusive use of 780 m2, of terrace, the previous business used 380 m2, and although there is a further 400 m2 available at the front of the building with views over the Mediterranean. There is a separate entrance for the terrace. • The bar is overlooking the terrace and is themed in white, it also overlooks the very large Jacuzzi and they are both covered with awnings. • There are changing facilities and toilets exclusive for the terrace users and separate from the main building.
The premises has been valued as a commercial building with consideration to prices that are being achieved in the commercial sector at present in Torremolinos.
What has not been factored in is the installations, permissions and the exclusivity of the terrace, the property is valued at 2,698 m2 a valuation that considers location, size and property movement in the local area.
The investment in Torremolinos comes from government and private business. The hotels are upgrading and investing in their future, the local government are modernizing the town center with emphasis on Healthy living. The private sector are investing in business and leisure all within 15km of Málaga center and 10km from the international airport.
There have been ambitious repositioning plans announced in Spain by hotel groups, such as Meliá Hotels International. (€250 million in 2016 only), Riu Hotels & Resorts (€400 Million), Barceló Hotel Group (€100 million), Iberostar Hotels & Resorts (€90 million in the last year), and Palladium Hotel Group (€450 million).
In Torremolinos a global investment of €150 million has been set in motion to renovate the offering, and aimed at encouraging the arrival of different traveller segments, such as sports-minded, health-minded or congress tourists. Urban and shopping tourism are also being boosted by the City Hall.
With its lake and array of leisure attractions including open-air skiing, theme park and aquarium, along with hotel, conference center and wildly creative retail units, this resort is a prime location in Spain and is set to redefine the model of shopping center's in Europe.
In addition, it will have landscaped botanical gardens and will incorporate architectural elements linked to the history of the town, including several mills.
According to data provided by British-based the park will have: more than 8,000 square meters of multipurpose areas; 23,000 square meters for sports and culture; and more than 65,000 square meters of green areas planted with 3,000 trees.
Real Property Included
Here at Kingsway we can help assist you in your search not only for the perfect business but for good quality residential accommodation.
We thrive on helping all of our clients from A-Z and somewhere to live is of great importance to us.
Full support will be given from the seller and Kingsway will provide their famous second to none after sales service
to assist with everything from suppliers, handyman, insurance, signs, furniture, machinery, contacts, etc.
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