€205,000

Bar in Calvià, Balearic Islands, Spain

Bar and Cafe in an extremely busy area

Bar/Cafe right in the middle of very busy area.
Next door to a big nightclub and opposite to an even bigger one.
The property has a tenant who are in their fourth year at 15,000pa. Full repairing Lease.
Freehold Investment opportunity!

Reasons to purchase:
1. Sound Investment
2. Tenants in fourth season with contracts with full repairing Lease.
3. Rental 15,000 pa.
4. Yield on 200,000 purchase price is 7.5% plus average property increase in that area 5% = 12.5 % per annum.
5. Located in the centre of a very well known party resort.
6. Huge nightclubs next door and opposite.
7. Massive footfall outside.
8. 100 sq metres serving area plus 50 sq metres terrace in this double unit.
9. Current Lease is a rolling one year contract but the tenants would be amenable to a 10 year lease.
10. Next to beach, close to Palma and Airport.