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Terraced House for sale in Costa Blanca, Spain
EUR 495,000
Main image for HH27712
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Jalon | 0 beds | 0 baths
Reference : HH27712*
450m2 plot size , 420m2 build size

A unique opportunity to purchase the freehold of a successful 100 cover restaurant with other options including ...

1) Reform and turn back into one large town house
2) Reform to ground floor town house and first floor apartment – so could be a home to somebody and income
3) As an investment in turning the building into three flats – 2/3 bedrooms per apartment
4) Keeping the restaurant downstairs for trading and turning the upstairs into bed and breakfast accomodation with live-in apartment for owners.

A two bedroom two bathroom apartment on the first floor is also available subject to separate negotiation. This is currently rented out at 375 euros per month.

There is also an option to purchase the leasehold of the restaurant for 80,000 euros for 10 years with a monthly rent of 1500 euros. Should the leaseholder purchase the freehold the price will be reduced by the sum paid for the leasehold. Added incentives are offered should the buyer purchase the freehold within 5 years..

The current owners are continuing to trade and maintain the high standards their regular restaurant clientele have come to expect that will enable the new owners to continue the business with a seamless handover. The restaurant is fully equipped and provides for 100 covers, 60 inside and 40 on the vine covered terrace.
Currently open from Wednesday to Sunday evenings and Sunday lunchtime there is considerable scope to expand the business by trading at lunchtimes and additional days during the week and the property can be modified and extended to provide for 8 en-suite hotel rooms in place of the apartment. The restaurant has been trading for 7 years and full accounts are available for inspection.

100 covers, 60 inside, 40 outside.
Part air-conditioned
Bar with 3 wine refrigerators, expresso coffee machine and music system.
Kitchen with 2 x 6 burner stoves a griddle and dishwasher.
Larder section with starter/desert preparation area.
Separate store room with walk-in refrigerator and washing machine.
Two bedroom apartment with lounge diner, American kitchen and two bathrooms. The apartment is currently rented out at 375 euros per month.

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