Be aware Investors: Great Restaurant plus plot with project for Business Center in El Pilar Urbanization, Paraiso, Estepona.
The property is located on Sabinillas St, in the midst of a highly populated residential área, and one minute away from the main road, but on a second row, without traffic noise.
The total plot, 2,133 m2, has comercial use.
On the South part, there is a large Restaurant of 212 m2, completely refurbished and almost completely open plan, with terraces, access, kitchen and gardened áreas.
On the North part, on a large part of the plot, a Business Center is projected, with eight office sor business premises. The basic Project has already been approved by the Town Hall. As one can see in the images, it would be a complex of four units, each divided in two, with ground floor, first floor and terrace. A loft-type solution surrounded and communicated within by porchs and gardened áreas, favouring the complex becaming a nice passing-by space, bringing life to the future eight business settled there.
Both parts, the Restaurant and the Business Center, feed back and support one another, it is a highly populated área but services are scarce right there. To rent both parts, Restaurant and the lofts, would yield a superior and growing return.
The actual Price includes the plot and the ready-to.use Restaurant.
As it is, we estimate an annual rental income of aprox 140,000 €/year, which would provide a profitability of a 5.2%.
The Business Center would accomplish a superior and larger profitability once it has been built. The cost of building the Business center, if it is carried out by the company that owns the asset at present would be an additional 1 million euros, although there are also the options of the new investor building himself, or simply not building at all and use the plot as gardens of the Restaurant, in which case a much higuer rent would could be asked for.
We would be delighted to extend this information and to coordinate a viewing of the property.
Excelent Investiment in New Golden Mile area, in El Paraiso, close to all amenities in one of the most growing areas in Costa del Sol
Large project of building project for business center and a restaurant in Urb. El PilarParaiso, Estepona. 2100 m2...
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This restaurant is located El Paraíso, Málaga. The perfect location on the New Golden Mile and close to beach and shops. It is built in 1983, that has 480 m2 of which 408 m2 are useful and has 1 rooms and 1 bathrooms.
It has equipped kitchen, com...
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detail )
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