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Palma - Best Investment Bargain
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Ref: Finder 2552
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Area: Palma
Tenure: Leasehold
Term: 10 Yrs Renewable
Rent: € 1,500 per Month
(approx £ 1,031)
Price: € 15,000
(approx £ 10,305)
Other:
Large empty premises in a cosmopolitan area.
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Perhaps the best investment bargain of its type we’ve ever had! Large, empty premises previously trading as a ‘Bar, Restaurant & Night Club’ for a minimal ingoing with a long lease and low rent. The location is to a cosmopolitan area of vibrant Palma city.
The premises of 245m2 are divided into two sections on two different levels with large entrances from two parallel roads, one of which is the best known street in town.
We say ‘empty’ but there are in fact two large fitted bars, two large air-conditioning units (hot & cold), 15 smoke extractors in place, plus client, staff and disabled cloakrooms, a kitchen (empty) and large storage areas. The electric installation is new.
There is plenty of light as both parts of the local have fully glazed frontages, windows and doors.
This local was run as a Restaurant-Pizzeria by the landlord before he rented it out to tenants, first as a night club and then as a Bar-Café.
COMMENT:
New lease contract direct from the landlord so no ‘ingoing’ to pay to take over someone else’s business hence the low price!
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