A Serious Investment Opportunity for those who have both the capital facilities and vision to take on what can only be described as one of this resorts premier entertainment venues for the past 10 years.
It comprises of 4 locals that have currently been divided into two distinct areas of operation together with an imposing terrace of 263.25sqm in total.
Area One (2 Locals) is operated as the Music Bar ‘Sound & Vision’ side of the business that comes complete with a state of the art Sound & Audio Visual’ experience that includes 7 32” TV’s & 2 50” Screens for a range of events from Sky, DVD, etc. It also has a full top of the range sound system for DJ, Karaoke etc.
The interior space is 160sqm including 12.8sqm porch in total complete with its own fully equipped bar and lighting system that benefits the size of this operation.
Area Two (2 Locals) is operated as a Family Friendly Area where the Kids can play on the 3 play station consuls, bouncy castle, carousel or on one of the 4 pool tables (there is scope for a further two if the new owner wanted to take these on) All electrical hook ups outside comply fully with all current legislation.
The interior space is 159.75sqm including 13.5sqm porch in total and again has its own stand-alone bar and facilities.
To add to the above there is a fully enclosed cellar area of 81sqm, which could be turned into an office area or further storage.
With 4 locals in total this business has a range of options for use by new investors, it could for arguments sake be two or four separate businesses or it could be turned into one, it’s the vision of the new investors that will determine how it will evolve!
This is a serious business and is situated in the centre of the resorts trading area, surrounded by Hotels & Apartment and comes with Freehold status, which for the size of this business is very rare on the Island, let alone the resort. Mortgage facilities can be arranged subject to residency status, introductions can be made to those who can prove that they have the funding in place to take this investment opportunity and at the same time have both the stamina and vision to take it to the top in the resort.
All enquirers will be required to provide proof of the investment requirement for this business prior to any viewings.
Bank Valuation: €1,375,000.00 Jan 2008
RENTAL ONLY OPTION AVAILABLE, PLEASE ASK
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- Location: Calvià, Balearic Islands
Property or Business Type:
Late Night Music Bar
- Leasehold Price: €149,000
- Monthly Rental Price: €2,500
- Freehold Price: €670,000
- Ref. Code: MSP1395