Commercial for sale in Fuengirola, Málaga

* The advertised price of this investment company is 2.350.000 Euros. *

*** This latest listing would suit any of our clients looking for secure investment opportunities that give monthly returns. *** This company has 7 freehold commercial units that are presently being run as cafe bars with sitting tenants paying monthly rents. *** This investment company has been owned by the same four partners for over 27 years and is being sold only due to all the partners reaching retirement age. *** If interested please inform us before meeting to check and confirm that this latest investment opportunity is still available. ***

Investment Company for sale in Fuengirola, Malaga on the Costa del Sol in Spain.

This investment company is the owner of seven freehold commercial units of which 4 units are located on the seafront in the area of Torreblanca, 2 units are located under a large hotel in central Fuengirola and one unit is located on a large multi national urbanisation close to Mijas Golf on the outskirts of Fuengirola. all the units are being run as cafe bars and have sitting tenants on various lease contracts and monthly rent agreements. As a breakdown if we number each local from one to seven to give an insight of each return.

Local 1 located on the seafront in Torreblanca approximately 60 M2 with a monthly rent of 1.300 Euros + IVA.

Local 2 located on the seafront in Torreblanca approximately 60 M2 with a monthly rent of 1,150 Euros + IVA.

Local 3 located on the seafront in Torreblanca approximately 60 M2 with a monthly rent of 1.125 Euros + IVA.

Local 4 located on the seafront in Torreblanca approximately 60 M2 with a monthly rent of 875 Euros + IVA.

Local 5 located beneath a hotel in central Fuengirola approximately 35 M2 with a monthly rent of 1.125 Euros + IVA.

Local 6 located beneath a hotel in central Fuengirola approximately 35 M2 with a monthly rent of 875 Euros + IVA.

Local 7 located on a large urbanisation on the outskirts of Fuengirola approximately 90 M2 with a monthly rent of 1.550 Euros + IVA.

This investment company has an independent accountancy company that audits and ensures that any taxes or IVA payments due to the tax authorities from the company are paid promptly and on schedule. Regarding the administration of the company this is done by the four partners, two of the partners are designated to sign all the new lease or contracts or rent changes but they would also confirm and agree with the other two partners which ensures clarity at all times.

To explain additional income that the company also receives, for example all tenants when first starting their tenure receive a five plus five lease agreement with the rent increases tied to the rate of inflation during this time period, at the end of the first five years the company reserve the right to increase the rent by 10 percent, after the full ten years the company can take back possession of the property and decide to look for new tenants or if desired issue a new contract to the sitting tenant. If any of the tenants during the lease agreement decide that they want to sell their lease there is a clause in all the contracts that the company will receive 20 to 25 percent of the sale price and for this the company would issue a new lease agreement with a five plus five contract, at the signing and agreement of the new contract the company can also increase the rent. If the company are not in agreement with the sale price they have first option to buy back from the sitting tenant at the price they declared and take possession of the premises.

For any of our clients interested in this rare opportunity or require additional information or have any questions the would like to ask please contact us.