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Property for sale information

 
Business For Sale in Puerto del Carmen, Lanzarote  
Reference nr: 132834
Description:

A wonderful Irish bar situated in the very popular resort of Puerto Del Carmen.The bar is situated in a very popular area of Los Pocillos which is very popular for holidaymakers with the large beach being opposite the bar.The bar has just applied for a Full Live music licence which has been successfully granted.This allows the bar to now legally have Live music at the bar each and every night which is great for the business.The bar has a large regular and repeat clientbase which has helped to make this a very sound investment and the current owners have worked very hard for the past five years to establish this repeat trade.The bar has a good sized outside terrace area which overlooks the main beach with fantastic seaviews which then leads into the main bar area.Inside is fully air conditioned and the bar is fully licenced for bar/restaurant.The bar also benefits from a full satellite system,fully fitted kitchen with seperate storage area and could easily be changed to another business venture(ie themed restaurant)if required.The only way to appreciate this bar is to view which I can guarantee will not dissapoint.The owner is now only selling due to genuine reasons.

Bedrooms: Bathrooms: Price (€):
0 (studio) 90,000
Features:
Submission Date:
10-05-2009
Advertiser Details:


Name:
Lynne Robinson

Company:
Freedom 4 Sale

Phone:
+34617225369
Fax:

Mobile:
+34617225369

 
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Business For Sale in Puerto del Carmen, Lanzarote

Business For Sale in Puerto del Carmen, Lanzarote
 
Calculators

 
Property price: €90,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations