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Festival Park - Large Cocktail Bar & Terrace.
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Ref: Finder 2481
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Area: Palma
Tenure: Leasehold
Term: 15 Yrs Renewable
Rent: € 2,000 per Month
(approx £ 1,374)
Price: € 136,000
(approx £ 93,436)
Other:
Has to be seen to appreciate how busy this is.
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Near new (yet already proven) ‘Cocktail Bar & Terrace’ in a privileged situation to the heart of the night life section of the busiest entertainment & leisure center to the whole of Mallorca.
New discotheques, clubs, pubs & restaurants surround, together with a 20 screen multi cinema complex, 22 lane bowling alley, amusement arcades, kids activities, rides, shops, factory outlets and one of the biggest reptilariums in Europe. This is busy, busy, busy.
The bar itself boasts a large 147m2 interior with seating, dance & music areas, plus a huge terrace to the front and side. Brand new, top of the range music /sound & TV systems, large screen projector, professionally installed electrics & lighting. Special ‘free cooling’ air-conditioning system.
U-shape glass top bar at the far end with arched windows, fully equipped with bottle coolers, coffee machine, pizza oven, microwave oven, glass washer, etc. Good size storage area.
Currently open night times, 7 days a week serving drinks only. Owner reported takings of 1,000€ - 1,500€ per night are achieved with scope to improve further.
Community fees of 1,000€ + advertising are in keeping with the location and size and well worth the money given the promotions, events and advertising the centre does to attract visitors.
COMMENT:
The present owner who is a very experienced operator built the premises from scratch as an investment and is now ready to move on to his next project.
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