Asking Price € 499,000 for purchase on freehold basis or there is an option of a lease to own contract.
8 Ensuite guest rooms
Immense Restaurant/Bar with seating capacity for 200 covers, fully equipped
Near public transportation
Lease to own deal possible with 200K down payment with low rent.
The hotel offers a charismatic venue within walking distance from the town and well connected to Malaga and El Caminito del Rey by train. There is no shortage of car parking around the business, with a large car park and plenty of off street parking making this one of the few bars and restaurants in the town where parking outside is possible.
On entering the property, an impressive bar and restaurant area is accessed and has been recently renovated. A large bar area, well equipped and stocked makes this a most impressive area. There is also a wood burner in the bar area, ideal for the colder winter months. With various seating areas, nicely lit and decorated, the inside restaurant area has a 100 cover capacity. There are also three large televisions in this area, ideal for showing different events such as motor racing or rugby, or simple for music. There is also an outside covered terrace area that can be accessed from the main bar, which has seating for a further 100, making a total seating capacity of 200. There is also a large television screen in this area.
With a fully equipped commercial kitchen, walk-in dry and cold stores, up to the minute ranges and ovens, the operation is ready to hand over. The complete setup is most impressive and clearly illustrates how this business has been set up to easily cater for a large number of clients. The restaurant has a reputation for selling good American style food and being packed on the weekends.
There are male and female toilets on the ground floor, designed in line with disability legislation. On the first floor, which can be accessed from the outside or through the bar/restaurant, there are 8 separate and spacious family apartments, fitted out to an excellent standard with en-suite bathrooms. All the bedrooms have air conditioning and sufficient space to install a kitchen for each apartment to make them completely self-sufficient.
On the second floor, there is a spacious one bedroomed penthouse with a large living/dining area with wood burner and access to a large roof terrace which has a hot tub and a plunge pool plus access to a small laundry area. From the terrace, there are views of the castle and to the town of Alora. There is garage area that is currently used as a drinks cellar for the business. There is garage area that is currently used as a drinks cellar for the business.
This is an outstanding and rare opportunity to purchase a substantial commercial property, with all necessary licenses to operate, in a great location and well maintained by the current owners enabling this to be run as a profitable business. Currently only opening Thursday through to Sunday evenings, there is huge potential to grow the business by offering other events such as weddings and birthdays.
***** BREXIT UPDATE *****
Do not let Brexit stop you buying a business in Spain. You can still obtain your residency and all required paperwork to move to and work in Spain. Our legal advisors are on hand to assist with this.
Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain.
Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.