Rent Or Buy Magaluf Freehold Bar With Accommodation
- Business/Property type: Bar
- Offer type: Hot Offer!
- Freehold price: 90000
- Monthly rental price: 700
- Location: Magaluf
- Bedrooms: 1
- Air Conditioning
This is an excellent opportunity to Rent or Buy the freehold of a very well-known bar with a much sought-after “Café Concierto licence” in the resort of Magaluf – and the even better news is that it has been renovated throughout and is ready for the new owner to turn the key and start trading!
This bar is well located, just off one of the busiest streets in the resort and has the rights to a sign on the main strip the “Punta Ballena” This area is the heart of the nightlife in Magaluf. It has a terrace of around 20m2. Inside, you will find a further 40m2 set out with bench seating (to maximise the number of seated customers). The bar itself runs along one side of the premises and, to the rear, there are male and female washrooms and storage space.
The décor is modern, and the owner has recently laid new flooring throughout the premises. The licence allows for the bar to be open for live music and Karaoke and Sports that are so popular in this area. Fibre optic internet is pre-installed.
The clientele is mostly an international mix of tourists during the summer season; however, there is scope for catering for the large population of ex-pats who are resident in this area all year round.
Also, there is a possibility of accommodation over the bar consisting of a I bedroom apartment which could be used by the owners or staff which is very hard to find in this area.
The rental terms require 2 Months Rental Deposit, plus one months Rent in advance and a bond of 5,000 Euros to be held by the owners lawyer.
There may also be an additional option available to purchase the freehold during the length of the rental period.
Viewing is strictly by appointment with this office.
- ID: 4390
- Published: 12th March 2023
- Last Update: 14th March 2023
- Views: 7