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Porto Colom - Bar / Night-Club / Windmill for Restoration
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Ref: Finder 1772
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Area: South East
Tenure: Freehold
Term:
Price: € 330,000
(approx £ 226,719)
Other:
Ideal builder’s/investment project. Click ob 'slideshow' to view extra photos.
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Once upon a time, this business used to be the best bar/night-club in town (the only one!) but has now been closed for a while and sadly left to the elements.
The detached premises occupy a total ground area of around 1,200m2 including the main building, terraces and gardens. In addition, there is a roof top terrace with sea views and the windmill tower (ex sails).
Attractive, wide frontage and side elevations approached over a terrace from the street in typical Mallorquin style with large, arched window/door sets, rendered walls and terracotta roof canopy supported by heavy beams.
Enter inside to a large room, through to a barbeque/grill area, then onto another large room and two smaller ones. Lots of character with ceiling beams, stone walls and mural feature. Extra large patio/garden/parking area to the rear.
COMMENT:
The asking price for the freehold is more than realistic given the location, size and potential. This price could be realised as a ‘traspaso’ when up and running again to it’s former success - you still own the property and will enjoy a rental income for life.
Another option could be to initially negotiate a ‘rental only’ contract with an option to purchase later - perhaps along the lines of an ingoing of £25,000 to include the 1st year’s rent, deposit and contract fee?
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For general images of Mallorca scenery, villages, mountains, coastlines and beaches you may like to browse through our photo galleries
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