After 32 years the Spanish owner of this popular Bar is offering it for freehold sale, he wants to enjoy his retirement which he says is long overdue.
This freehold opportunity would be a sound investment either as a bar to own and operate yourself or solely as an investment purchase to lease out with good rental returns. Due to its highly visible location fronting a popular square and with a very sunny terrace area which can seat 20 customers the bar would always have high demand as a lease rental opportunity, we estimate a monthly rental around 800 euros pcm taking in to consideration market comparisons. The fixed costs on this bar are very low, the local rates (IBI) is only around 400 euros per annum, there is no terrace tax to pay just a monthly community charge of approximately 30€.
Situated close to the sea, beach and well known 24 hours square and just a short walk to the stunning marina of Benalmadena this area remains ever popular with the locals and visitors of many different nationalities so owning or operating a bar in this area is obviously viable.
The property is in need of modernisation in order to maximise the bars full potential. The café has a full commercial kitchen with extraction which enhances the overall asset. Costs of refurbishing work here is very reasonable or you may have the necessary skills to do it yourself. Definitely a worth while venture.