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UNDER OFFER
Hosta / Bar - Playa de Palma

Area: Palma
Tenure: Leasehold
Term: 5 Years Renewable
Rent: € 2,500 Monthly
Price: € 189,000

This Hostal and Bar Cafeteria, has to be one of the best businesses around and perfect for a family to run. Not only are these businesses rarely available to find leasehold but this one is a real gem, with everything correct, in great condition, making a good healthy income and at such a good asking price and a reasonable rent.

Busy, central location just 350mts from beach. Many sports and fun activities possible such as Squash, Tennis, Bowling, all kind of Water-sports, Bars, Discos and Restaurants. The Hostal opens seasonally by owners choice, but the area is for the whole year round, 24 hours a day. Income for a six month season is reported at 240,000 € and with rooms rates of 30 euros a night, that is quite a good occupancy rate. To expand winter

Officially a 26 bed-room hostal 2 star classification with good quality yet simple hosteleria / commerical type decorations, shower and wc all en-suite and all of a large spacious double size with a third of them being triple rooms. Rooms located over 4 floors, with 13 rooms to front and 13 to the rear, all the front rooms have balcony/terrace. The 1st floor rear 3 have a large shared balcony ideal for group or family bookings.

To the front and ground level is access to the bar / cafe with its large sunny terrace, to an open reception area, plus storage areas for luggage and bikes.

Attractive bar and lounge areas with a lovely mediterranean décor with stone clad walls, brand new glazed floors and good furnishings. Sat-TV in the lounge. Meals and drinks offered at the rear in of the cafe bar, with a large open plan large commercial kitchen.

To the basement is a large space currently unused, one side as storage and deliveries access and the other ideally to be converted (little cost) into owners living area, with separate rooms, WC's plus the laundry facilities.

The property can be run easily with one cleaner full time in the season and owners on hand to manage the cafe / bar and reception duties.

COMMENT:

The present owner is the Freeholder and open to discuss options with rent / lease price to the right indivduals - figures available however viewing the business and local area is required before they be released.

REF: Finder 3236
Hotline call local rates 0870 0444 445