Search for a Tenerife Business
Area: Las Americas
Tenure: Freehold
Term: N/A
Rent: € 0 N/A
Price: € 185,000
This is a rare opportunity to buy a freehold bar as an investment opportunity with a sitting tenant paying the owner a very healthy return of €800 a month after all expenses and taxes are paid!
The bar itself is a completely refurbished, stylish but comfortable residents’ late night drinking bar with both a front and back terrace totalling 50m2.
The recent refurbishment carried out by the owners cost €30,000. The tenants were granted a new 5 year lease in November 2009. The final Town Hall inspection for the license has just been completed and the Opening License is ready to be issued.
This investment provides the current owners with an after tax income of over 5% of the asking price. It’s the perfect answer to the low interest rates currently on offer to savers!

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OR Jacquie Webber on 