Freehold Restaurant in Mojacar

This is an amazing opportunity to acquire an established busy Italian restaurant, directly on the affluent promenade of Mojacar Beach. Selling due to owner retirement. This is an easily manageable business located in the main area for gastronomy in Mojacar, with great transport links along the coast.

It is not possible to construct another floor above this property but it is possible to re-convert to residential use as established originally. There is direct access from the promenade to the lovely quaint beach below the property which is public but very rarely used except perhaps in August. This is most certainly a unique abode, not only in Mojácar but along the whole of the Spanish Mediterranean coastline.

This is a Freehold Sale, with no outstanding debt or encumbrances. No tenancy agreements are active but the hospitality potential for letting and ROI is certainly attractive. There is a fully revised and updated Licence to trade granted by the local council (Licencia de Apertura) Very low annual Council Rates.

Location:

This business benefits from a unique location directly located on a beach cove with stunning sea views, south facing with direct access off the promenade to the restaurant garden and terrace area. Within walking distance to the top residential areas with 5 hotels -mostly open 10 months of the year- and close to golf courses, local shops, supermarkets and other amenities.

Premises Details:

Originally constructed in 1971 for residential use, the property was highly susceptible to conversion and in 1997 obtained full consent from the local Mojacar Council and Coastal Protection Department and has been a fully licenced restaurant since 1998.

The total construction is 230 square meters plus a large glass conservatory of approximately 90 square meters. In 2014 the kitchen, the bathrooms and utility areas were refurbished, updated and fitted out to the present very high standard. Fixtures and furnishings are of high quality (see inventory)

The layout is all on one level with 2 separate dining wings, and a centre dining room with a total indoor seating capacity of 90-95 and approximately 80-100 in the conservatory and the garden terrace area.

There are 2 large washrooms, a service area for employees -with a separate access from the rear of the premises- and the kitchen is approximately 35 mt2 divided in to different areas as established by the Health & Safety regulations and fully equipped with a separate walk-in fridge area and cooling room.

The friendly bar area is located directly in the centre of the property with easy access to all areas.

The landscaped garden surrounds the property which is fully walled-in and private with an off-road Car Park.

Business Operation
Letting Potential:

This property is being sold FREEHOLD with NO CURRENT OCCUPIER.

Competition / Market:
They have very little competition surrounding the premises partly due to their unique location.