At Green Point Commercial Property we are very pleased to bring this great Investment Opportunity to the market.
The Investment is to purchase the freehold of a long-established family bar and restaurant in Palma Nova. The Restaurant is for sale by the owner of the freehold. The bar itself is very successful and the current tenants have been in there for a number of years and have now just extended the contract for another 5 years. The bar currently generates in excess of €30,000 per annum.
Under the current price at €395,000 which offers exceptional value for a bar in this position and would make a great investment for the future with prices only increasing in the area as the resort is becoming more gentrified and with the current rent brings a gross yield of 7.5%
The bar itself is very well located on the front line of Palma Nova and has a large terrace and internal space as well as a fully fitted kitchen. The bar is incredibly popular and is a traditional English bar serving food and drink 12 months a year to a good mix of locals and tourists from 9am-2am daily
There would be the option of taking over the lease should the owners want to run the business themselves.
This is a confidential sale hence the use of stock pictures so serious inquiries only for this great opportunity.
Green point Commercial Property S.C. is a fully licensed commercial property broker based on Mallorca and covers opportunities across the whole of Spain. Our experienced staff, are here, not just advise on buying a business but can help you with all aspects of purchase and relocation. With a network of Lawyers, Solicitors, Immigration Specialists and Accountants we can make the process of purchasing a business go through smoothly and efficiently as possible.
Feel free to get in contact for a confidential discussion about this great opportunity and some of the many others that we have available.
