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Cala Mayor - Car Servicing + Hire / Rental options & 2 Bed Apartment
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Ref: Finder 2366
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Area: Palma
Tenure: Freehold
Term:
Price: € 430,000
(approx £ 295,422)
Other:
Rare living accommodation attached.
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Fully equipped, main road ‘Car Garage, Servicing & Maintenance’ business with ‘Car Rental & Hire options’. In the same ownership since 1987 with repeat clients of English, Spanish, German & Scandinavian nationality. Only for sale due to retirement, leasehold or freehold.
Large ground floor area of approx 250m2 comprising a workshop, reception and office. Garage equipment includes a car elevator/lift, air compressor, machinery for bodywork repairs & mounting tyres, oil sucker machine, specialist tools, etc. Toilet and changing room at the back.
Huge upstairs roof terrace of 600m2.
The owner reports net profits to himself of approx 60,000€ pa from servicing and maintenance only, working for himself without staff. He has not been involved in the car rental side of the business for the last 3 years, preferring to slow down and take it easy in preparation for retirement.
Large 120m2 apartment with a spacious lounge & dining area, American style kitchen, 2 bedrooms, 2 bathrooms, and of course the 600m2 terrace right outside. The kitchen & bathrooms look quite new.
FREEHOLD OPTION AVAILABLE FOR THE BUSINESS AND APARTMENT COMBINED AT 430,000€.
COMMENT:
More than reasonable asking price given that this is a successful & fully equipped business of 18 years standing, and with an apartment included. The rent also reasonable for the size & location but could maybe negotiated downwards or put towards the freehold purchase.
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