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Magalluf - Jewellers & Gift Shop
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Ref: Finder 2548
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Area: South West
Tenure: Leasehold
Term: 10 Yrs Renewable
Rent: € 590 per Month
(approx £ 405)
Price: € 45,000
(approx £ 30,916)
Other:
Incredibly low rent for this location.
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A well presented and long established (30 years) ‘Jewellers and Gift Shop’ in a prominent position to the centre of the resort.
A superb location to attract the tourists whilst being visible to the main passing trade for all year trade.
The premises measure approximately 60m2 and benefit from a large, glass frontage. Simple, clean and tidy décor with professional well spaced displays throughout. To the back is small counter, storage and WC.
To the front is a small terrace, currently used for displays attracting people directly from the street and neighbouring restaurants.
At present the owners promote sales of jewellery, watches, UK top up cards (bringing in lots of people) and sales of ornaments (Nadal), in addition offering a repair service for watches and jewellery.
Clientele of all nationalities but with the majority being British residents and visitors who shop here all year around.
The current stock holding is valued at 45,000 € cost price, the owners have indicated turnover this year of 65,000€.
COMMENT:
A prime position with a low low rent, ideal as it is or could be changed to offer a full gift shop service, tourist items i.e. inflatables, or even an estate agents.
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