Frehold Investment Opportunity in Torremolinos For Sale

Business description

This is a small quality bar, ideal for an investment purchase, in the sought after area called La Carihuela, which is the Dutch influenced suburb of Torremolinos. There are three elements to the income for an investor;
1 - The monthly rent of 1100 euros
2 - The capital appreciation possibility on the property
3 - 20% of the lease value at any change of tennant, and 100% if the there is no tennant
The property has lots of passing trade as the bar is on the main thoroughfare from a major hotel to the beach, shops and restaurants.
The bar has a 25m2 terrace, nearly new sign written toldo and side screen, coaching lamps on the wall, coloured light bulbs under the canopy and has enough room for about 12 people. There is a satellite dish for recieving Sky TV. The kitchen is equipped to make snacks etc. Upstairs are the toilets and a 50m2 room which can easily be made into a studio apartment to live in, used as a storeroom or maybe sub let as an office.
Torremolinos is on the Costa del Sol in southern Spain, only 5km from Malaga airport. Originally, Torremolinos was a fishing village, but has been rapidly overtaken by tourism. Calle San Miguel, which is lined with shops, runs from the centre of town down to the fabulous beaches. There is a regular train service connecting Torremolinos to Malaga and Malaga Airport to the north of it and south to Fuengirola. La Carihuela, the fisherman’s quarter has many quality bars and restaurants, behind which is the ever popular area of Montemar. There is a water park, a crocodile park, an auditorium and botanical gardens, as well as the famous market. There is a huge range of restaurants, bars and nightclubs in Torremolinos.

Property information

Real Estate:

Real Property Included