Cafe Bar For Sale in Torremolinos, Malaga
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Description
Freehold Bar with sitting tenants and with an adjoining 2 bedroom Apartment. This property is located in a lively area close to Hotels & holiday accommodation & situated between Torremolinos centre & the beach. The retiring freeholder has owned the property for 11 years & has leased it only twice. It comprises of an outside pavement terrace with good passing trade & visibility & which can seat 20, there is a further smaller inside terrace which gives access down steps to the main bar which has lots of character, it is decorated & fitted to give an old world British Pub feel, at 80m2 it is spacious with easy seating for 50 & enough room for the pool table. The property boasts an air-conditioned large & fully equipped kitchen, partially open to the bar. A small apartment is accessed by a corridor from the kitchen & offers a clean living space, lounge with patio doors to the south facing sun terrace with sea & beach views, bathroom, double bedroom & small bedroom. The current tenants have been running the bar for the past 5 years and have a new 10 year lease contract paying 1.050 euros rent per month, they are also liable for all bills on the property, apart from the building insurance which is 122 euros per year, and also all repairs and replacements. If the tenants sell their lease the freeholder is entitled to 20% of the amount the lease is sold for, at this time the rent also will increase by 15%.
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