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Business on sale in Torremolinos, Spain - REF: 503076
This page provides details about this business for sale in .
For details and photos of more properties in please go to our section on Torremolinos property.
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€450,000
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£406,935
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$611,775
(Approximate currency conversions supplied by  ) |
| Town |
Torremolinos |
Distance from Beach |
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| Region |
Andalucia |
Distance from Shops |
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| Property Type |
Business |
Swimming Pool |
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| Bathrooms |
0 |
Garden |
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| Bedrooms |
0 |
Garage/Parking |
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| Build Size |
98 |
Plot |
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| Sale Category |
Re-Sale |
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Business Description
This freehold music bar in the heart of Montemar is an excellent investment opportunity. The current leasholder has agreed to vacate if the new owner wishes, and the landlord and he have struck a deal accordingly.
The freeholder earns from the investment in 3 ways;
1. The rental income
2. The 20% that the tennant pays at change of tennancy
3. The potential capital growth
If of course the freeholder wishes to run the business, then the income would come from sales, and the sale of the contract perhaps.
Torremolinos is on the Costa del Sol in southern Spain, only 5km from Malaga airport. Originally, Torremolinos was a fishing village, but has been rapidly overtaken by tourism. Calle San Miguel, which is lined with shops, runs from the centre of town down to the fabulous beaches. There is a regular train service connecting Torremolinos to Malaga and Malaga Airport to the north of it and south to Fuengirola. La Carihuela, the fisherman's quarter has many quality bars and restaurants, behind which is the ever popular area of Montemar. There is a water park, a crocodile park, an auditorium and botanical gardens, as well as the famous market. There is a huge range of restaurants, bars and nightclubs in Torremolinos.
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Local Area Map
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| Property Type |
Min Price |
Max Price |
Average Price |
| (All prices in ) |
Torremolinos |
Spain |
Torremolinos |
Spain |
Torremolinos |
Spain |
| Apartment/Flat |
85,000 |
0 |
625,000 |
6,000,000 |
321,991 |
266,385 |
| Bungalow |
- |
210,000 |
- |
840,000 |
- |
361,627 |
| Business |
15,000 |
0 |
6,000,000 |
8,000,000 |
361,165 |
438,757 |
| Cavehouse |
- |
20,000 |
- |
444,150 |
- |
110,105 |
| House/Villa |
297,000 |
0 |
1,910,828 |
13,500,000 |
869,210 |
674,464 |
| Land/Ruins |
- |
0 |
- |
17,145,000 |
- |
554,191 |
| New Development |
- |
113,534 |
- |
2,200,000 |
- |
479,710 |
| Other |
137,500 |
0 |
2,500,000 |
2,500,000 |
1,179,167 |
272,663 |
| Penthouse |
- |
139,000 |
- |
760,000 |
- |
331,890 |
| Rural |
- |
32,000 |
- |
8,500,000 |
- |
859,984 |
| Townhouse |
265,000 |
0 |
495,000 |
2,100,000 |
366,000 |
325,116 |
| Village |
- |
51,400 |
- |
169,000 |
- |
110,200 |
* Calculations based on 169 properties for sale in Torremolinos and 26819 properties for sale in Spain |
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