Deceptively Spacious Bar In Playa del Inglés For Sale

Business description

Deceptively spacious bar with plenty of terrace space located in a busy shopping centre in Playa del Ingles.

LEASEHOLD: Rent 1,950 euros/month Community charge: 50 euros/month
FREEHOLD is also available for 350,000 euros

There is plenty of terrace space around the covered terrace (15.2m²) which has been fitted with plenty of white UPVC windows & the folding doors at the front give a nice wide entrance. The floors throughout have recently been retiled & there are 5 tables & 10 padded chairs. Double doors lead down tiled stairs to the basement.

The basement (24m²) is fitted out as a kitchen with a double sink, 2 gas planchas, tall fridge freezer, small freezer, chest freezer & oven. It is fitted with lots of shelving & is currently used as a cellar for the bar. At the far end is a lobby (1.1m²) leading to a single toilet (2m²).

There is a step up from the covered terrace into the main bar & this area is protected by a metal roll down shutter when the bar is closed.

The interior (37.5m²) has 2 main areas; at the front is the main bar area which as a lovely warm atmosphere due to the extensive use of wood paneling & red leather padded bar stools (11).

The bar service area has a polished wooden counter & the adjacent kitchen area has a red tiled counter. Both areas have plenty of storage space & are equipped with a beer pump, coffee machine, chest freezer, fridge, sink, glass washer, 2 gas rings, 2 deep fat fryers, microwave, electric grill, 4 slot pizza grill. The bar also has a public pay phone.

The bar is “L” shaped & at the far end, around the corner is a large space with a more modern décor – a mixture of stone cladding & yellow walls adorned with customers’ graffiti. There are 4 tables & 12 stools, air conditioning, large flat screen TV, snooker table (owned) & cigarette machine (owned).

At the far end a beaded curtain hides a lobby (0.7m²) with pedestal basin & mirror which leads to 2 single toilets, each 1.5m².

The bar has been fitted out to a high standard & has been kept in excellent condition.

Property information

Real Estate:

Lease

Lease terms:

This is a Spanish lease rental deal ("traspaso" or “venta industria”) in which you are buying the business (fixtures and fittings, stock, trading name & "goodwill") from the out going tenant and entering into a rental agreement with the owner for the use of the premises.
Standard terms are 5 years (renewable) Deposit: 4,000€

Leasehold rent:

€1,950 per annum

Location:

At the side of a shopping centre, facing a big terrace and minigolf course.

Premises details:

Small covered terrace & narrow entrance to the bar, but opens out into a huge interior space. The property also has a basement.

Other information

Expansion potential:

Yes

Competition / Market:

None in the immediate vicinity

Reasons for selling:

Owner retiring

Trading hours:

- 2am