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Property Information
Tenerife Business For Sale - Canarian Villages
For Sale - Business
Price: €149,000.00
Reference #: S1412
Bedrooms: n/a
Bathrooms: n/a
Floor Level: n/a
Internal Size: n/a
Terrace Size: n/a
Pool: n/a
Garden/External: n/a
Furnished: as seen
Property Description
This is an opportunity to purchase the freehold of a large bar with entertainment and food which is currently rented out producing a net income of over €13,000 a year.The current tenants are well established and successful.
They have held the tenancy for over 3 years and have always paid their rent on time. All the paperwork for the business is in order and the tenants have spent over €25,000 on upgrading facilities and making sure all is in compliance with the latest Town Hall regulations.
This is a fantastic investment opportunity producing a yearly income stream of just shy of 9% with the potential to recoup the initial investment in around 10 years. Alternatively at the end of the agreed rental period the new owner may choose to run the business themselves.
Highly recommended!
Tenure: Freehold
Contact Sunshine Properties business sales section for further information.
1380.
Additional Information
Appliances Included
Features
- Freehold
Basement
n/a
Garage
n/a
Listing Type: For Sale - Business
Property Type: Business
Resort/Complex:
Location:
Canarian Villages
