DISTRESSED SALES BANK REPOSSESSIONS BARGAIN PROPERTY APARTMENTS FOR SALE MARBELLA PUERTO BANUS BENALMADENA COSTA DEL SOL SPAIN
Commercial 499.000 Euros
Alora, Andalucia Countryside - Malaga - Spain












Bedrooms: 9
Bathrooms: 9
Plot Size: 245 m²
Built Size: 700 m²
Terraces: 250 m²
Pool:
Ref: TOP924

Description:

AMAZING OPPORTUNITY TO PURCHASE A FREEHOLD AMERICAN STYLE HOTEL / B&B / BAR / RESTAURANT / CAFETERIA.

CHANGES IN PERSONAL CIRCUMSTANCES FORCE THE SALE OF THIS FABULOUS FREEHOLD PROPERTY AND BUSINESS, HENCE THE VERY HEAVILY REDUCED PRICE FOR QUICK SALE.

SEPARATE OWNERS 1 BED LUXURY PENTHOUSE ABOVE HOTEL ACCOMMODATION WITH 100SQM TERRACE WITH BBQ AREA AND HOT TUB

8 BEDROOM, 8 BATHROOM HOTEL/B&B, ALL RECENTLY REFURBISHED WITH AN AMERICAN STYLE THEME

THE BREATHTAKING MOUNTAIN WALKWAY CLIMB OF CAMINO DEL REY 15 MINUTES BY CAR.

ORIGINALLY LISTED FOR 1,300,000€ AND JUST REDUCED TO AN INCREDIBLE PRICE OF 499,000€ FOR AN URGENT SALE!

VENDOR ALSO TELLS US HE HAD AN OLD BANK VALUATION OF 1.7M.

PROPERTY:
Offering a fantastic opportunity to acquire, a fully equipped and furnished, Hotel /B&B with Restaurant with Bar/Cafetería. There is extensive car-parking, and a separate owner’s luxury penthouse accommodation. The business and property is well-established and profitable.

The premises have been fully converted and restored to a very high standard, and briefly comprise; 100 seat restaurant, with bar and serving area, and games room with cinema area. Dining areas are both internal and Al Fresco.

There is a large stainless steel, purpose-built, professional kitchen with a walk-in commercial chiller/fridge/freezer, extensive commercial catering equipment and various preparation areas.

The kitchens have been fitted to the highest commercial specification with full opening licenses and is positioned to accommodate local trade on many different levels from tapas to a la carte.

The owner tells us that there is also available, additional external space that could be added at a low rental, and this could practically double the present seating area to around 200, and is perfect for all those busy evenings. Because of the large area of the restaurant and bar, it would also be suitable as an event/function venue, and especially for weddings and similar occasions.

Independent access leads to the first floor with 8 fully furnished, large studio bedrooms, all with full en-suite bathrooms. The rooms have been upgraded to family size adding minimum, a bunk bed to each room all with American themes. The studios are let room-only or B&B at present, which allows an additional source of income by providing guests other meals. Thinking forward, the owner has provided plumbing and drainage services to each studio, and ample space to provide a small kitchenette and dining area, thus allowing self-catering as an option. There is a separate large sun terrace for guests, with BBQ.
There is a 40 metre long playground just in front of the property, just been built.

Occupying the whole second floor is the owner’s accommodation, which again is fully furnished and finished to a very good standard, and is ready to move into. Here the accommodation briefly comprises: a very spacious lounge/sitting/dining room, a separate fully fitted kitchen, and a master bedroom with full en-suite. Outside there is a 100m2 roof terrace, with dining and entertaining areas with BBQ and Jacuzzi/Hot-Tub.

The property benefits from hot and cold air-conditioning, double glazing, satellite TV, and ADSL internet. The whole property is a Wi-Fi zone


Completely renovated to the highest of standards this is a true turnkey solution for anybody wanting a commercial venture ready to go, at an amazing price!!

Karaoke every Saturday night. The business is profitable and last year declared accounts for the restaurant and bar show turnover at €325,000,and there is plenty of scope to substantially increase this. Full figures and accounts are available to serious buyers upon viewing the property.

LOCATION:
This property is situated in the popular inland town of Alora surrounded by incredible countryside. Centrally located with easy access to the town centre and the railway station. Málaga International Airport is 35 minutes by car, with Málaga city and beaches just a few minutes more. There is a direct rail connection to central Málaga, where you will find trains to all over Andalucía and Spain, and especially the 2.5 hour fast train (AVE) to Madrid.

THE VENDOR HAS INFORMED US THAT:
Community Charges are approx €Awaiting per month
IBI (Council Tax) is: Awaiting
BASURA (Rubbish Bill) Awaiting
EEC (Energy Efficiency Certificate) Awaiting

CONTACT US NOW FOR MORE PHOTOS & VIEWINGS.

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