Restaurant in St Julian's Malta To Let

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Information about Restaurant in St Julian's Malta To Let
Real Estate

Published on March 2, 2014

Author: PhillipMartinMicallef1

Source: slideshare.net

Description

Italian Restaurant - Fully equipped/furnished and Ice Cream Parlour/Gelateria - as a going concern, in the very best part of St. Julian's, Malta - close to St. George's Bay and Bay Street shopping complex. Phillip Martin Micallef - Tel: (00356) 9988 7901 phillipmartinmicallef@gmail.com

Restaurant - To Let St. Julian’s, Malta As a Going Concern Rent Euro 135 daily/Euro 200,000 Premium (Equipment/Furniture/Inventory) Phillip Martin Micallef Real Estate Boutique Services - Tel: (00356) 9988 7901 phillipmartinmicallef@gmail.com

Restaurant/Gelateria in St. Julian’s, Malta To Let Euro 135 daily/Premium Euro 200,000 This fully equipped and furnished, Brand New Restaurant close to Bay street, is right in the heart of Malta’s very best commercial area - (Paceville). The business operate3s as an Italian restaurant and has the added benefit of a Gelateria at the front of the property which is fully functioning and stocked – with purchase/supply contracts in hand. This business activity alone is a Gold Mine – as the establishment is just seconds away from the only sandy beach in the area – St. George’s Bay in St. Julian’s. Close to Hugo’s Terrace, Fuego, Bay Street, Malta’s largest Cinema Complex and the shopping arcade Bay Street, as well as numerous Hotels in the area including The Intercontinental, Dragonara San George, Radisson, Hilton and numerous others. Paceville is the main entertainment area in Malta and winter and summer, especially at weekends – is the main congregation area for Maltese and foreign youth. The lavish, internal surface area is 120 sqm, comfortably seating forty persons – four on each table. A retractable roof makes this restaurant perfect for Al Fresco dining in summer and closed roof in winter. There is also a large bar and display cabinets and refrigerators as well as a secluded kitchen. Cooking can also take in full view of patrons. Furthermore, a wood over can easily be installed and the present owner will set this up for prospective clients. Outdoor seating for Gelateria is also permitted. Being offered as a going concern, fully operational and brand new, only having been finished at the end of summer 2013, the business premises have an additional six years to run, whereby the Lease Agreement can be extended further. Rent from April 2014 is Euro 135 daily/Euro 4,050 monthly – payable three months in advance. In 2015 rent will increase by Euro 20 daily, and in 2017, the rent will be set at Euro 165 daily/Euro 4950 monthly – until the end of the Lease Agreement Period in 2020. The Book value includes goodwill, equipment and inventory - Euro 200.000. Payment could be under an Extended and valid guarantee. A full inventory is available and all equipment is brand new and under guarantee. Phillip Martin Micallef Real Estate Boutique Services Tel: (00356) 9988 7901 phillipmartinmicallef@gmail.com

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