Bar for sale

Calahonda, Malaga, Andalucia, Spain

£168,269 * [€199,500]

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Bar for sale

Calahonda, Malaga, Andalucia, Spain

£168,269 * [€199,500]

Property Details

Bedrooms: 0
Bathrooms: 0
Habitable space: 33 m2

Features

Close to all Amenities
Pool table

Full Description

EL ZOCO – CALAHONDA
Commercial Freehold Investment Opportunity with 7% return
The premises has been recently refurbished by the existing tenants who have run the bar for several years, their current renewable lease expires in June 2025. This bar is in a very popular location and enjoys a high annual return.
The current passing rent is €1,500 per calendar month + IVA less IRPF giving an annual income of €18,360.
For 2025 the monthly rent will increase to a minimum of €1,750 giving an approximate annual income of €21,000.
The tenants are responsible for the payment of IBI taxes, Basura, insurance, community fees, electricity and water bills.

The selling price for this premises, which is currently producing an annual return of 8%, is €250,000. This price is under the market value but priced accordingly for a quick sale.

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