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Tenerife Business » Costa Del Silencio » 1056

Bar as an Investment - 1056

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Basic Info

Reference: 1056
Type: Food Related Business

Bar
Bar/Bistro
Café/Bar
Drinks Bar

Status: For Sale
Price: €125,000 (Approx. £108,400 )
Ownership: Freehold
Location: Costa del Silencio
Build size: 79.6 m²
Terrace size: 15 m²
Toilets: 2

Description

PRICE MASSIVELY REDUCED!!!

THIS OFFER WILL ONLY BE VALID FOR SEVERAL WEEKS. DON'T MISS OUT ON THIS OPPORTUNITY!!!

This is a good investment opportunity for someone looking for a steady yearly income and a healthy return on initial investment. For sale is the freehold of the commercial premises in Costa del Silencio. The premises are currently occupied by a well established and successful bar, securing to the owner the net rental income of € 13’500 a year.

The tenants have invested in the facilities more than € 25’000 over the last 3,5 years and have always paid the rent on time. The bar is operating in accordance with the latest Town hall regulations. The term of the rental agreement is 5 years with an option of renewal.

Such investment will generate an attractive annual return of over 8% after taxes.

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