BUSINESS PREMISES COMMERCIAL PROPERTY INCOME £20k A YEAR UPFRONT TO AN INVESTOR OR A NEW LIFE IN SPAIN
There is no accommodation with the business but some groups won't let you list a property for sale without putting a number in the bedroom box.
This won't be an issue for the new owners when you get here it's easier and better for you to decide whether you want an apartment right on the doorstep of the business or a detached villa 10 minutes out of town with its own pool and the privacy of having your own villa especially if you are thinking of taking any dogs with you as my old tenants did.
The sale price is very heavily discounted and does not represent the true value of the property. The low sale price has been set by me after taking into account the amount of rental income that the property has generated for me over the last 17 years and this is the reason why it is very much lower than the two professional business valuations.
This is also the last of many properties and other businesses that I have owned and sold in EL Campello.
Having been in business and property for nearly 40 years I don't know of any other property opportunities where the property will pay for itself in 7 years that is basing it on purely the rental income. Anyone who wants to get fairly hands-on with the business and put a manager in to run it on their behalf could easily return their money back in the first year. I know this from the customers and how busy previous tenants have been and the fact that they were so busy with Sunday Lunches and Fish and Chip Friday's that you had to book in advance to get a table or a very long wait.
This really is a fantastic opportunity to start your new life in Spain, or easily run your new business venture with a manager and waiter/waitress staff from anywhere in the world and you have a lovely well-established property that has been the hub of the community for the best part of 40 years now to start from.
I am also offering to be on hand to get you started with everything that you will need. I will pass on all my knowledge and tips for living and doing business in Spain for over 27 years. Even an investor with a wealth of property knowledge can take advantage of the great returns that this building is capable of producing.
The rental income has always been £20,000 a year paid in advance. There are some great tax advantages of having a business in Spain and I can go through all of this with a genuinely interested buyer.
This genuinely is a great opportunity to make a new life in Spain just as I did back in 2002.
The premises are 100% *FREEHOLD* with nothing owing on them and nothing ever borrowed against them. I have just paid my property tax for this year 2021 until November 2022 and it was £85, I have the receipt.
This really is a very easy rental return investment property. I have only had to change tenants twice in the 17 years that I have owned it and the upfront cost makes it very easy for a new tenant to move in and start trading straight away. Then they have 12 months to earn a good living and pay you the investor again the following year.
*GENUINE SALE* I have been using the same solicitor and the same accountant while living in this town for over 19 years. They are both located only a few strides from the business and have always been on hand to help with anything that you will need from them. So please rest assured that they will always look after you and your successful future in Spain.
A great opportunity now for trying some of the latest food and drink ideas
New Style Café/New Vegan Food Restaurant opportunity/Tried and tested Grill Steakhouse/Also a Great demand for Jamaican Food wanted in this area with over 300 responses to a question I asked for a potential buyer. A 65-year-old retired Jamaican lady looking to move over from London. I also still have all of these replies. Having 156 m²* of earning space the possibilities are endless. You can cater for a small cosy party of 28 people inside and from 36 people outside to up to 100 people for Birthday Parties and special occasions.
The Business is Fully legal with all the correct paperwork and licenses for drinks and hot food with a professional stainless steel extraction system also a music and entertainment licence. Fast Fibre broadband cable and Satellite dish already fitted.
The business has been totally refurbished to a very high standard, it is centrally located in a corner position with no other competition, only a few meters from a 100+ bedroom 4* Hotel and beautiful white sandy beaches.
The property has been established in the heart of the community for well over 40 years, serving the local resident population plus the influx of regular visitors and holidaymakers.
The property has a modern décor with a very bright and airy feel inside with a large sunny outside terrace area with a fully retractable awning and a seating area suitable for 36 to 100 covers the only one in the area to offer this.
It is completely fitted with stainless steel countertops and a spacious open plan fully equipped kitchen area; it also has two washrooms male and female with disabled access.
All the equipment, appliances, tables, chairs, etc, everything you see in the pictures will be included in the sale price. £139,950
Genuine offers will be considered possibly a cash discount, or a part exchange or swap offer with cash, either way, depending on the value of the item to make a deal easier.
This really is an ideal opportunity for a couple, a single person, a family, or an investor to take on a great new asset.
Please see the last picture for my contact details. I have tried to give a very detailed description of the business but if you have any questions at all please get in touch and if you are thinking of going ahead with the purchase of this property rest assured that I will give you every bit of help that I can from day one and be there for you throughout your new venture.
My sincerest regards