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HERRERE 64680

Business for sale in HERRERE (64): Nightclub with restaurant, strong development potential, long-term lease

  • surface area
    313 m2
Bar
159 000€

Presentation of the commercial premises : Bar for sale in HERRERE

Exceptional 400 m² of usable space, located at Oloron airfield. A unique establishment comprising a two-level nightclub and a separate restaurant. A LEADING INSTITUTION IN THE SECTOR. Closed for far too long, this establishment is just waiting for an ambitious operator to revive its former glory. A long-standing institution of Oloron's nightlife, it benefits from a prime location and a rare layout. THE ESTABLISHMENT Total area: approximately 400 m² of usable space LOWER ROOM (Nightclub) - Dance floor - Functional bar - Restrooms - Private room UPPER ROOM (Nightclub) - Dance floor - Bar - Changing rooms - Restrooms RESTAURANT AREA (Adjoining) - Restaurant: 45 m² - Fully equipped professional kitchen: 17 m² General condition: Sound and functional premises. Recent sound and lighting equipment. Renovated rooms, fully equipped kitchen and bar. A STRATEGIC LOCATION - Situated at Oloron airfield, the establishment benefits from a unique environment, ideal for nightlife and developing a restaurant. - Easy and free parking. HUGE POTENTIAL: Dual business opportunities possible: - Nightlife: Theme nights - Restaurant: Lunch menus, theme nights, etc. - Events: Seminars, birthdays, after-work gatherings, etc. There is a critical lack of offerings in the area for this type of versatile establishment. CONDITIONS - Rent: €3,250 incl. VAT / year - Category IV liquor license: €100/month - Long-term lease: Ends 31/12/2034 - Availability: Immediate CONCLUSION: A rare opportunity in the Oloron-Sainte-Marie area. A turnkey business, ready to restart, with unique dual operating potential.

Les informations sur les risques auxquels ce bien est exposé sont disponibles sur le site Géorisques : www. georisques. gouv. fr.

** ENGLISH SPEAKERS: please note that Capifrance has an international department that can help with translations. To see our range of 20,000 properties for sale in France, please visit our Capifrance website directly. We look forward to finding your dream home!

Additional information :

Total price including fees 159 000 €
Price excluding fees 145 500 €
Fees payable by the buyer are 9.28% all taxes included

To view the fee schedule : click here

Location of the commercial premises : Bar for sale in HERRERE

64680 HERRERE

Features of this property :

340 931 698 581
313
159 000 €
1 230 €

Capifrance advisor in charge of this property

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FAQ
The Capifrance team answers your frequently asked questions:

Investing in commercial properties can offer several attractive advantages for investors. Here are some reasons why this type of investment can be appealing:

High returns
Tenant stability: Businesses tend to sign long-term leases (often between 3 and 9 years). This provides stable rental income over the long term and reduces the risk of vacancy.
Property appreciation: Commercial properties can increase in value over time, especially if they are located in developing areas or thriving business districts.
Diversification opportunities: Investing in commercial properties allows for the diversification of an investment portfolio. This helps reduce risks by spreading investments across different types of real estate assets (offices, retail spaces, warehouses, etc.).
Less daily management: Compared to managing residential properties, commercial properties require less daily management. Tenant businesses are generally responsible for routine maintenance.

There is no tacit renewal. The tenant must request the renewal of the lease 6 months before the lease's expiration. This request cannot be refused.

In the case of tacit extension, the conditions of the initial lease continue to apply, but the parties can terminate the lease at any time, subject to a notice period. The terms of the lease (rent, charges, etc.) continue to apply. If the lease duration exceeds 12 years, the landlord can uncap the rent (i.e., the rent will be set at the market rental value commonly practiced in the vicinity).

Valuing a business requires a comprehensive approach, taking into account the financial, commercial, material, and immaterial aspects of the company. Consulting a specialist in business valuation can also help to obtain an accurate and professional estimate.

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