Hotel with Bar/Restaurant near El Caminito del Rey €499,000

Current Price: €499,000
New Price:
Rate data provided daily by European Central Bank

Asking Price € 499,000 for purchase on freehold basis or there is an option of a lease to own contract.

  • 8 Ensuite guest rooms
  • Immense Restaurant/Bar with seating capacity for 200 covers, fully equipped
  • Near public transportation
  • Lease to own deal possible with 200K downpayment with low rent.

The hotel offers a charismatic venue within walking distance from the town and well connected to Malaga and El Caminito del Rey by train. There is no shortage of car parking around the business, with a large car park and plenty of off street parking making this one of the few bars and restaurants in the town where parking outside is possible.

On entering the property, an impressive bar and restaurant area is accessed and has been recently renovated. A large bar area, well equipped and stocked makes this a most impressive area. There is also a wood burner in the bar area, ideal for the colder winter months. With various seating areas, nicely lit and decorated, the inside restaurant area has a 100 cover capacity. There are also three large televisions in this area, ideal for showing different events such as motor racing or rugby, or simple for music. There is also an outside covered terrace area that can be accessed from the main bar, which has seating for a further 100, making a total seating capacity of 200. There is also a large television screen in this area.

With a fully equipped commercial kitchen, walk-in dry and cold stores, up to the minute ranges and ovens, the operation is ready to hand over. The complete setup is most impressive and clearly illustrates how this business has been set up to easily cater for a large number of clients. The restaurant has a reputation for selling good American style food and being packed on the weekends.

There are male and female toilets on the ground floor, designed in line with disability legislation. On the first floor, which can be accessed from the outside or through the bar/restaurant, there are 8 separate and spacious family apartments, fitted out to an excellent standard with en-suite bathrooms. All the bedrooms have air conditioning and sufficient space to install a kitchen for each apartment to make them completely self-sufficient.

On the second floor, there is a spacious one bedroomed penthouse with a large living/dining area with wood burner and access to a large roof terrace which has a hot tub and a plunge pool plus access to a small laundry area. From the terrace, there are views of the castle and to the town of Alora. There is garage area that is currently used as a drinks cellar for the business. There is garage area that is currently used as a drinks cellar for the business.

This is an outstanding and rare opportunity to purchase a substantial commercial property, with all necessary licenses to operate, in a great location and well maintained by the current owners enabling this to be run as a profitable business. Currently only opening Thursday through to Sunday evenings, there is huge potential to grow the business by offering other events such as weddings and birthdays.

*****   BREXIT UPDATE   *****

Do not let Brexit stop you buying a business in Spain. You can still obtain your residency and all required paperwork to move to and work in Spain. Our legal advisors are on hand to assist with this.

Viewing Arrangements

Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain.

Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.

Alora, Malaga
Sale Type: For Sale or Lease
Ref #: BB6819F
Alora, Malaga
Sale Type: For Sale or Lease
Ref #: BB6819F

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Non-Circumvention and Non-Disclosure Agreement

Between the following Parties:

Business Broker Spain SL (CIF: B54646153) and trading as Business Broker Spain and with registered Head Office: 10 Calle Arquitecto Urteaga 03730 Javea, (Alicante). Spain (hereafter ‘the agent’);

1.The Discloser intends to disclose information (the Confidential Information) to the Recipient for the purpose of purchasing any business introduced to you through by Business Broker Spain.

2.The Recipient undertakes not to use the Confidential Information for any purpose except the Purpose, without first obtaining the written agreement of the Discloser.

3.The Recipient undertakes to keep the Confidential Information secure and not to disclose it to any third party except to professional advisers who need to know the same for the Purpose, who know they owe a duty of confidence to the Discloser and who are bound by obligations equivalent to those in clause 2 above and this clause 3.

4.The undertakings in clauses 2 and 3 above apply to all of the information disclosed by the Discloser to the Recipient, regardless of the way or form in which it is disclosed or recorded but they do not apply to:

a )Any information which is or in future comes into the public domain (unless as a result of the breach of this Agreement); or

b) Any information which is already known to the Recipient and which was not subject to any obligation of confidence before it was disclosed to the Recipient by the Discloser.

5.Nothing in this Agreement will prevent the Recipient from making any disclosure of the Confidential Information required by law or by any competent authority.

6.The Recipient will, on request from the Discloser, return all copies and records of the Confidential Information to the Discloser and will not retain any copies or records of the Confidential Information.

7.Neither this Agreement nor the supply of any information grants the Recipient any licence, interest or right in respect of any intellectual property rights of the Discloser except the right to copy the Confidential Information solely for the Purpose.

8.The undertakings in clauses 2 and 3 will continue in force for 2 years from the date of this Agreement.

9.This Agreement is governed by, and is to be construed in accordance with, Spanish law. The Spanish Courts will have non-exclusive jurisdiction to deal with any dispute which has arisen or may arise out of, or in connection with, this Agreement.

Alora, Malaga
Sale Type: For Sale or Lease
Ref #: BB6819F

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