€600,000 · Restaurant For Sale in Callao Salvaje
Large Freehold Restaurant
|Location:||Callao Salvaje||Price:||€600,000 (approx £433,488)|
For sale freehold is this long-established restaurant with a good name located in the main commercial area of Callao Salvaje in the south of Tenerife.
The restaurant occupies very prominent position on the street leading down to the new beach; there are several other bars and restaurants in the area which attracts lots of visitors every day. The premises measuring 110 m2 comprises of a professionally equipped kitchen, fitted bar, toilets and dining hall with capacity for approximately 40 guests. The outside terrace is spacious offering both sun and shade and can host further 40 patrons. The restaurant has lots of regular customers from the area and according to the owner, brings a healthy income.
The business is offered for sale complete including the freehold of the premises. It could be however also an interesting opportunity for investors who are looking to buy a property with a sitting tenant – this investment will bring a return in the region of 7% annually.
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