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Updated: 31-10-2016

Restaurant and Commercial Property For Sale - 1292


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Restaurant and Commercial Property For Sale Tenerife

Basic Info

Reference: 1292
Type: Investment and Commercial property
Status: For Sale
Price: €1,680,000
Ownership: Freehold
Location: Undisclosed
Plot size: 1100 m2
Build size: 500 m2
Toilets: 5
Guia de Isora


Description

Opportunity to invest into a substantial commercial property and an established restaurant business located in a small picturesque village in the south of Tenerife with spectacular views over the ocean and the neighbouring islands of La Gomera, La Palma and El Hierro.

The property built in 2003 measures 500 m2 and spreads over 2 floors. Main floor is occupied by a restaurant famous for its delicious barbecued meats and Canarian specialities. This family-managed restaurant has a respectful name and is regularly visited by both residents and tourists for an unforgettable experience of tasting most fresh and delicious food in an authentic environment with gorgeous views. Large well-equipped and properly maintained kitchen leaves no wish open for an experienced chef. The restaurant’s dining area seats comfortably 50 guests and there are 3 outside terraces which can host up to 60 additional guests. There is also a separate bar with own terrace and bathrooms which can be either transformed into a separate small business or used as a drinks and cocktails bar adjoining to the restaurant.

The half basement floor which has direct access from the street is utilized as a storage and office space at present. There is also a premises with a separate entrance currently used for a small minimarket, the only one in the village. This half basement floor can be potentially transformed into additional commercial premises which can be rented out brining an additional income.

This commercial property would suit for serious investors looking for an established Tenerife restaurant business and substantial additional commercial space which can be used either for own expansion or can generate income from renting.

NOTE: The restaurant and the bar can also be bought as leasehold together or separately. Contact us for more information of how to get your own business in this amazing location.