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SELECTION: For sale, Palma, Palma City, Bar/Cafe

Music bar & cafe in Old Town Palma

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Sales Price:
Currency convertor € 127,000
Rental Price:
Currency convertor € 420
Transaction:
For Sale/For Rent
Business Type:
Bar/Cafe
Term:
10 years renewable
Tenure:
Leasehold
Area:
Palma
Reference No.:
b3357
View:
NA
Location:
Palma City
Front line:
NA
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Reference No.: b3357
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Property Description

The premises measure approximately 80 m2 and are decorated in a rustic style with a dark wood bar, tables, chairs, and beams. Equipped with air conditioning hot/cold, coffee machine, music system, projector with big screen, slot machines 50/50 split, darts machine, plasma TV, dehumidifier, air-conditioning etc..
Ladies & gents toilets and kitchen area behind the bar.
The atmosphere is very interesting with a mixed variety of locals, tourists and yachties enjoying the various types of music. Currently serving drinks and snacks, such as sandwiches, toasties and pa amb oli (typical Mallorquin bread) etc..
The business benefits from having a rare music licence to open till 1am during the week and 3am at weekends or bank holidays. Owner reported takings of around 450€ during the week and 600€ at the weekend.

COMMENT:
Only offered for sale after eight successful years due to ill health and the desire to retire from night time work.
 

Well located ‘Music Pub & Café ’ in a very popular area of Palma which is known by many for its cosmopolitan character. Situated on a busy street, surrounded by other bars and restaurants with an incredibly low rent for the area.

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