Large Entertainment Pub for sale in Las Americas
This well known Tenerife pub… The Brewers Droop… has been closed for a couple of years or so but was a really successful business when open. It is in the most desirable of locations and whatever business were to open here will be busy !
Offering entertainment every day of the week, a new owner could reasonably expect a six figure annual profit.
The bar has a very large interior and terrace, easily seating over a hundred guests.
At present the bar is being renovated to include a new air conditioning system but is available to view by appointment.
The bar is offered on a freehold basis at 500,000 euros.
The new freehold owner could offer the traspaso (lease) to someone wanting to own their own successful bar for around 100,000 euros and a ground rent of around 2000 to 3000 per month, meaning a net return of around 30000/400000 = 7.5 % per year.
All enquiries call the agent, Bryan on +34.602596574