150 m² bar for sale in Calvià, Spain
€205,000
Calvià, Balearic Islands, Spain
Bar
Property type
150 m²
Property size
Property highlights
- Freehold investment opportunity
- 150 sqm total area
- 100 sqm serving area
- 50 sqm terrace
- €15,000 annual rent
- Full repairing lease
- Tenants in fourth year
- High footfall location
- Beside major nightclubs
- Close to beach and airport
About this property
Freehold Bar and Cafe Investment
A freehold investment opportunity in the centre of a well-known party resort in Calvià. This double-unit bar and café occupies a highly visible position beside a large nightclub and opposite an even larger venue, with substantial footfall outside. The beach is nearby, and the property is also close to Palma and the airport.The premises provide 150 sqm in total, comprising a 100 sqm serving area and a 50 sqm terrace. The property is let to tenants who are in their fourth year, at a rent of €15,000 per annum, under a full repairing lease. The current arrangement is a rolling one-year contract, and the tenants would be amenable to agreeing a 10-year lease. At the stated purchase price of €200,000, the rental income represents a gross yield of 7.5%. The seller also cites average property value growth of 5% in the area, giving a potential combined annual return of 12.5%; future growth and returns are not guaranteed.
Calvià is a municipality on Mallorca, close to the island’s capital, Palma, and its airport. Its coastal location and established nightlife make it a well-known destination for visitors.
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