250,000€

This is an ideal opportunity to acquire a Bar/business in Spain with the potential for a really successful business.  It has the added advantage of including living accommodation enabling the owners to live on the premises which is quite rare for Bar/Restaurants in Spain.  The premises are protected by CCTV cameras and a maintained security and alarm system. The property is located in the town of Oliva at the northern end of the Costa Blanca.

The property comprises of:-

Ground floor:

Bar/Restaurant area approximately 65m2 with seating for 32 diners, Air conditioning/heating, LED coloured lighting for special lighting effects, 42” plasma TV with Sky sports and Spanish satellite TV, cigarette machine and fully licensed fruit machine.

The Bar serves Draught beer and cider and has two large bottle fridges and a display fridge.  A state of the art touch screen till is provided to maximise managements control over stocks, sales and employees.

Well equipped Kitchen area with range cooker (gas hob with 5 burners and electric oven), three deep fat fryers, commercial electric grill/plancha, upright fridge and matching upright freezer, chest freezer and two microwave ovens.

A large Store room/bottle store with additional lockable storage area for high value goods. Large chest freezer for ice cream sales.

Disabled toilets with automatic sensors for lighting and ventilation.

First floor:

Bar (Function room/additional restaurant area) approximately 50m2 with eight plastic tables and 32 chairs, Air conditioning/heating, LED coloured lighting for special lighting effects, large screen for projector with connections for Sky sports and Spanish satellite TV.  There is a small stage area which is used for Bingo nights, Karaoke, quiz nights, discos etc.

Toilet areas.  Separate Ladies and Gents toilets with automatic sensors for lighting and ventilation.

The upstairs bar is lockable and can be used only for functions or special occasions as the need arises thereby reducing running costs.  Presently the upstairs bar area is being used for a kiddies club (Saturdays) Spanish lessons, group meetings, Bingo and major sporting events on the big screen.

Second floor (on two levels):

The second floor is the private quarters and the living accommodation

Level one. Comprises of large living room, bedroom one with built in wardrobes, bathroom with shower over bath, bedroom two with built in wardrobes

Level two. Comprises of a large storeroom or utility room.  This area has a low ceiling height but has been used as a child’s bedroom.

Third floorThe third floor comprises of a large kitchen/utility room and sun terrace.

It was intended by the current owners to convert this area into a second self contained apartment.  At the moment, a kitchen is not necessary for the apartment as the facilities of the restaurant kitchen are used for this purpose.

General

The property has the potential for being the focal point of the local well established ex pat community.  The business would benefit from new ownership and possibly, a change of theme. The current owners have reluctantly decided to sell the property due to a dissolved partnership and are offering the property with the following options.

Freehold - outright property purchase for €250k

Leasehold - €65k 5 year renewable lease with a rent of €1300 per month