Freehold €795,000 - Cafe Bar
*** THIS FREEHOLD CAFE-SPORTS BAR IS A POPULAR AND WELL KNOWN BUSINESS. *** THE BAR HAS HAD ONLY THREE OWNERS IN THE PAST SIXTY YEARS. *** THE BAR IS ONLY BEING SOLD DUE TO THE CURRENT OWNERS RETIREMENT. *** VIEWING DOES COME RECCOMMENDED. ***
This truly is a fantastic opportunity to become the new Freehold owner of one the longest established sports bar in the popular Los Boliches area of Fuengirola, this thriving well known bar has been in business for more than 20 years, and to this present day has only had three owners since 1950. The bar is situated between two very large hotels and is open 365 days & nights of the year, the bar enjoys a truly international regular clientele and is especially popular with the locals and the ex pats, this freehold bar also comes with its very own separate spacious apartment, (situated above the bar with its own entrance). The bar is very close to Los Boliches railway station, local shops and only a one minute stroll to the beach.
This highly desirable bar is being sold fully furnished and equipped to a very good standard that only when personally viewing the business can be fully appreciated, the bar is connected to Eurocable TV, and has its own individual satellite dish system showing clientele all the major news and sports events from all over the world, the sale includes all of the TVs, Karaoke gear and sound system.
This bar is a very generous 96 square meters inside with seating for around 55 comfortably, there is a small exterior terrace area with seating for a further 16, the bar has two W.Cs (in accordance to the disabled building regulation). The bar is also fully air conditioned (four units) with a vented fan (from rear to front) for ventilation.
This Freehold Bar represents an exiting investment opportunity for the new owner who can decide to either operate the bar as a going concern or place it on the market for lease, This bar could realistically expect to fetch around 50,000€ for a ten year lease with a monthly rental of around 1,600€ ( this rent would increase annually in line with inflation) The apartment above the bar is also 96 square meters and offers two double bedrooms both en suite a generous size lounge with feature fire place and a modern fully fitted kitchen, the apartment has a nice size exterior patio with BBQ area, above the apartment is a further roof top terrace and a small office, accessible from the main bedroom( this additional area could obtain planning permission for extra bedrooms and accomodation.)
*** VIEWING OF THIS SPORTS BAR-DRINKS BAR IS AVAILABLE WITH US NOW. *** TO PRE RESERVE A PERSONAL INSPECTION OF THIS BUSINESS SIMPLY GIVE US A CALL OR SEND US AN EMAIL WITH A TIME AND DATE THAT SUITS YOUR SCHEDULE. *** WITH PLEASURE WE WILL GLADLY ARRANGE AND CONFIRM YOUR REQUEST. ***
*** OUR COMPANY WOULD LIKE TO TAKE THIS OPPORTUNITY TO WISH YOU EVERY SUCCESS IN YOU SEARCH FOR A NEW VENTURE HERE IN SPAIN AND TO OFFER OUR HELP AND ASSISTANCE TO FIND THAT SPECIAL BUSINESS THAT YOU ARE LOOKING FOR. ***