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SELECTION: For sale, Palma, Palma City, Restaurant

Well-known Restaurant in city centre location

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Sales Price:
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Rental Price:
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Palma City
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Reference No.: b3748a
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For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures according to your needs.


Property Description

With over 270m2 of space, the present owner has run the restaurant for 20 years and now wishes to retire back to his native country.
There is terracotta flooring throughout, a beamed ceiling and rustic furniture, immediately radiating a feeling of home comforts.  The bar area is tiled and is well equipped with all necessary tools of the trade, including a coffee machine.  There is also a huge kitchen capable of turning out the large variety of food offered, as well as some very interesting features, for example, an old bread oven, which is now used purely as decoration.
To the rear, there is a room which could be used for private dining, wine tasting evenings, parties or even an office.  There are a further two floors and a roof terrace; however, these areas are really just a shell, so a blank canvas for further development of the business.
To operate successfully, a staff of around 6 people would be required, so this is a serious restaurant proposition and ideal for someone with experience in the hospitality business.
COMMENT:  Freehold property rarely comes up in this area and this represents an excellent opportunity for an investor or family enterprise to continue with the current theme, whilst introducing new and fresh ideas in this popular spot.

This traditional and well-known restaurant is tucked away on a corner site in the popular and trendy area of Santa Catalina in the capital city.

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