Cafe Bar For Sale in Torremolinos, Malaga
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Description
This fantastic investment is offered well below recent bank valuation.
The spacious fully fitted and equipped bar of 95m2 has a good sized kitchen facility. Over the past few years the current owner, now liquidising Spanish assets, has leased the bar out receiving a very good monthly rent, the property is now vacant and would offer a new owner the opportunity to self operate or to sell on the lease at a valuation of approximately 45.000 euros and take a monthly rent of circa 1.000 euros giving an annual return of 7% plus normal freeholder participation on lease transfer. The value of this property we would expect to increase by 25% over the next 5 years.
Kingsway Estates is the sole agent for this property and offers are invited.
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