Traditional British Freehold Pub

Price:

Freehold - €367,000

Seller Ref:

5107

Location:

Canary Islands, Las Americas, Tenerife

Business Type:

Pubs

See Other:

Bars for sale in Canary Islands
Live music venues for sale in Canary Islands
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Pubs for sale in Canary Islands
Pubs for sale in Canary Islands

Description:

THE BUSINESS:

There is a lot to be said for buying a business that has longevity, a business that has a proven track record and run by the same owners for 20 years. There is absolutely no doubt that this appealing traditional British pub has had 20 years of consistent success. If your goal is to purchase the freehold of a business with a guaranteed income then this should be high on your list.

Purchasing this freehold will give you the flexibility of either renting out the business that has been trading for 20 years with a proven track record and enjoying the rental income. Given the current economic climate we would anticipate a rental income to be in the region of 3,500€. However rents in this area in improved market conditions can achieve 5,000€ pcm. The other option is that you run the business yourself and receive the financial rewards for your hard work.

Run as a business the pub offers a sales terrace with partial sea views and to the interior a large timber constructed bar, toilet facilities and small stage where the current owners provide entertainment for their guests employing some of Tenerife´s legendary variety acts.