Commercial For Sale in Teguise, Lanzarote - My Overseas Property

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Property for sale information

Commercial For Sale in Teguise, Lanzarote

Price:	€ 85,000 Mortgage & ROI calculators »
Type:	Commercial
Country:	Canary Islands Lanzarote

Reference nr: 125531

Description:

This beautiful and superbly situated bodega features an elegant and shaded court yard as well as a spacious interior. With seating for 26 in the court yard and 25 inside, there is clear potential for high revenues. The bar is a well known rendezvous point in the Place of Teguise, and is usually full of locals and tourists enjoying tapas and cool drinks. The bodega is situated within the famous Sunday market in Teguise, which provides further revenue oppportunities.

In addition to the bar area, there is a space for professional kitchen facilities, and the Property also features a bed room on the first floor.

Within the court yard are two boutiques, selling high quality jewelllery and fashion items. These also provide rental income for the free holder.

Features:

Submission Date:
10-05-2009

Advertiser Details:

Name:
Lynne Robinson

Company:
Freedom 4 Sale

Phone:
+34617225369
Fax:

Mobile:
+34617225369

Property Photo Gallery

Commercial For Sale in Teguise, Lanzarote

Calculators

Property price: €85,000

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