Bar Restaurant for sale in Torremolinos

Nice and fully equipped restaurant with capability of seating 32 clients inside and 40 on the terrace of 54m2, situated near various hotels in Playamar area. Well decorated with wooden furniture in country rustic style and new electronic equipments. Gets very busy during the weekends and summer with good residential clientele during the winter too. The rent is 400 Euros per month including terrace tax. The leasehold is for 10 years with possibility of renewing.

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Property Details

• Reference: COMM271

• Price: € 90,000

• Town: Torremolinos

• Commercial Type: Bar Restaurant

Spanish Property Description

Restaurante totalmente equipado con capacidad de servir a 32 clientes dentro y 40 en terraza de 54m2 situado en Playamar área cerca de varios hoteles. Muy bien decorado en estilo rustico. Con mucha clientela durante los fines de semana, verano y también durante invierno. Alquiler es 400 Euros al mes incluyendo tasas de terraza. El traspaso tiene duración de 10 años con posibilidad de ampliación de contrato.

Mortgage Information

The following is a breakdown of the mortgage repayments for the first year using an interest rate of 3.5% over 25 years. This mortgage in Spain will cover a total of 300 monthly payments of €450.56

Month

Interest Paid

Principal Paid

Remaining Balance

Month 1

€262.50

€188.06

€89,811.94

Month 2

€261.95

€188.61

€89,623.33

Month 3

€261.40

€189.16

€89,434.17

Month 4

€260.85

€189.71

€89,244.46

Month 5

€260.30

€190.26

€89,054.19

Month 6

€259.74

€190.82

€88,863.37

Month 7

€259.18

€191.38

€88,672.00

Month 8

€258.63

€191.93

€88,480.06

Month 9

€258.07

€192.49

€88,287.57

Month 10

€257.51

€193.06

€88,094.51

Month 11

€256.94

€193.62

€87,900.89

Month 12

€256.38

€194.18

€87,706.71