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Night Club in need of Restoration

AREA: East Cost Resort MALLORCA

Once upon a time, this business used to be the best bar /night-club in town (the only one!) Sadly it hasnow been closed for a while and left to the elements.

The detached premises occupy a total ground area of around 1,200m2 including the main building, terraces and gardens. In addition, there is a roof top terrace with sea views and the windmill tower.

Attractive, wide frontage and side elevations approached over a terrace from the street in typical Mallorquin style with large, arched window/door sets, rendered walls and terracotta roof canopy supported by heavy beams.

DESCRIPTION

Enter inside to a large room, through to a barbeque/grill area, then onto another large room and two smaller ones. Lots of character with ceiling beams, stone walls and mural feature. Extra large patio/garden/parking area to the rear.

The asking price for the freehold is more than realistic given the location, size and potential. This price could be realised as a ‘traspaso’ when up and running again to it’s former success - you still own the property and will enjoy a rental income for life.

Another option could be to initially negotiate a ‘rental only’ contract with an option to purchase later - perhaps along the lines of an ingoing of £25,000 to include the 1st year’s rent, deposit and contract fee?

Ideal builder’s/investment project.

THE BUSINESS PACKAGE

  • Tenure: FREEHOLD
  • Rent: POSSIBLE RENTAL ONLY

 

 

Price 330,000€

Please contact us for further details.

 
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