El Faro, Costa del Sol

Restaurant in El Faro

Sale price Reduced

€280,000 Was €335,000

Ref. R4152283

  • 2 Bathrooms
  • 131 m² Built area
  • 72 m² Terrace

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About this property

FANTASTIC BUSINESS/INVESTMENT OPPORTUNITY! WE ARE PRIVILEDGED TO OFFER FOR SALE THE BAR AND RESTAURANT KNOWN AS FROG & CO IN LAS FAROLAS. THE BUSINESS IS CURRENTLY OPERATIONAL AND PROFITABLE WITH IMMENSE OPPORTUNITIES TO EXPAND AND GROW THE BUSINESS FURTHER. WITHIN A 300m CATCHMENT AREA THERE ARE CURRENTLY IN EXCESS OF OVER 500 NEW HOMES ALREADY IN CONSTRUCTION WITH ADDITIONAL PROJECTS IN THE IMMEDIATE VICINITY TO FOLLOW SOON. IT IS ALREADY IN AN EXCELLENT LOCATION IN A POPULAR RESIDENTIAL AREA WITH GOOD ACCESS AND COMMUNICATION LINKS AS IT IS SITUATED LESS THAN 200m FROM THE MAIN A7. THE BUSINESS ITSELF HAS LITTLE COMPETITION IN THE AREA AND IS AN ESSENTIAL ELEMENT OF THE LOCAL COMMUNITY YET STILL WITH THE ABILITY TO CAPITALISE FURTHER ON TURNOVER THROUGH INCREASED OPENING HOURS OR DIVERSIFYING THE BUSINESS OFFERING,PERHAPS WITH A MINI-MARKET OR SIMILAR. THE PREMISES BRIEFLY COMPRISE OF 3 COMMERCIAL UNITS, TWO OF WHICH FORM THE BAR AND RESTAURANT. THESE ARE DISTRIBUTED AS A COMMERCIAL KITCHEN, CUSTOMER TOILETS (DISABILITY COMPLIANT), FULL BAR AREA, INTERIOR SEATING, COVERED TERRACE AND A LARGE SUNNY EXTERIOR TERRACE. THE THIRD UNIT IS CURRENTLY USED AS A VERY LARGE STORAGE AREA, HOWEVER, THIS WAS UTILISED SOME YEARS BACK BY A PREVIOUS OWNER AS A MINI-MARKET AND REPRESENTS A SUBSTANTIAL AREA FOR BUSINESS EXPANSION EITHER THROUGH DIVERSIFCATION OR TO PROVIDE MORE COVERS FOR THE BAR/RESTAURANT. IT IS RARE FOR SUCH BUSINESS OPPORTUNITIES TO COME TO MARKET AND THIS IS A RELUCTANT SALE BY THE CURRENT OWNERS. THIS IS WITHOUT DOUBT A SUPERB OPPORTUNITY TO ACQUIRE ‌A ‌FREEHOLD ‌GOING ‌CONCERN ‌WITH ‌SIGNIFICANT IMMEDIATE GROWTH POTENTIAL ASWELL ‌AS HAVING ‌A DEFINITE ‌INCREASE ‌TO CONSUMER NUMBERS IN THE IMMEDIATE VICINTY ‌OVER ‌THE ‌NEXT ‌12 ‌MONTHS ‌AND ‌BEYOND.

Overview

The home

Bathrooms
2
Type
Restaurant
Location
El Faro
Year built
1989

Space

Built
131 m²
Terrace
72 m²

Extras

Garden
Private

Other costs

  • IBI (council tax) €535 / year
  • Community fee €3 / year

Price disclaimer
The sale price does not include costs or taxes. Additional expenses for the buyer include transfer tax or VAT (as applicable), notary fees, registration fees, and legal or administrative expenses.

New development

Availability
Completion January 1, 1989

Full features list

Setting

  • Close to shops
  • Close to sea
  • Urbanisation

Orientation

  • South

Condition

  • Excellent

Climate control

  • Air conditioning

Views

  • Street

Other features

  • Covered terrace
  • Near transport
  • Private terrace
  • Satellite TV
  • Storage room
  • Wood flooring
  • Access for people with reduced mobility
  • Bar
  • Fiber optic

Furniture

  • Optional

Kitchen

  • Fully fitted

Garden

  • Communal

Utilities

  • Electricity
  • Drinkable water

Category

  • Bargain
  • Investment
  • Resale

Energy performance certificate

Consumption
E 375.90
Emissions
E 63.70
Energy rating chart

Property location

First-hand information, straight to you

Tomasz Zarzycki knows this restaurant and the El Faro property market inside out. Call, email, or send a message with the enquiry form and you will hear back from someone who has been there.

The circle shows the general area, not the exact address. Contact us for the precise location.

Sale price Reduced

€280,000 Was €335,000

Ref. R4152283

Contact about this property

Sale price €280,000

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