Restaurant for sale in Torremolinos

Opportunity to purchase a very profitable business in the popular city of Torremolinos, well known by all tourists since the sixties. Nice hostal of 300 m2 located on a prime location in the centre of the town, surrounded by all amenities and near the beach. Comprising of 15 bedrooms, all en suite with TV and an excellent air condition system. The premise also has a large sitting room and a resting area for the customers. Public parking available in front of the property and private parking only a few metres distance. An opportunity you should not miss, due to its great potential. This excellent opportunity is rarely available at a realistic freehold price.

For more information on this Restaurant for Sale or Lease in Torremolinos, Spain please fill out the quick enquiry form on the right ->

Property Details

• Reference: COMM308

• Price: € 795,000

• Town: Torremolinos

• Commercial Type: Restaurant

Spanish Property Description

Gran oportunidad de adquirir un negocio muy rentable en la popular ciudad de Torremolinos, muy conocido por turistas de todas las nacionalidades desde los años 60. Bonito hostal de 300 m2 situado en una excepcional área del centro, rodeado de todos los servicios y cerca de la playa. Consta de 15 habitaciones, todas con baño incluido, TV y excelente sistema de aire acondicionado. El hostal también posee una amplia sala de estar y un área de descanso para los clientes. Aparcamiento público disponible en los alrededores de la propiedad y privado a sólo unos metros de distancia. Una oportunidad que no debería dejar escapar dado su increíble potencial. Rara ocasión en el mercado a un precio realista.

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 €3979.96

Month

Interest Paid

Principal Paid

Remaining Balance

Month 1

€2,318.75

€1,661.21

€793,338.79

Month 2

€2,313.90

€1,666.05

€791,672.74

Month 3

€2,309.05

€1,670.91

€790,001.83

Month 4

€2,304.17

€1,675.79

€788,326.04

Month 5

€2,299.28

€1,680.67

€786,645.37

Month 6

€2,294.38

€1,685.58

€784,959.79

Month 7

€2,289.47

€1,690.49

€783,269.30

Month 8

€2,284.54

€1,695.42

€781,573.88

Month 9

€2,279.59

€1,700.37

€779,873.51

Month 10

€2,274.63

€1,705.33

€778,168.19

Month 11

€2,269.66

€1,710.30

€776,457.89

Month 12

€2,264.67

€1,715.29

€774,742.60