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Zona Centre 26,802 SF Retail Building Alcover, Tarragona 43460 $455,049 ($16.98/SF)
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INVESTMENT HIGHLIGHTS
- Unique opportunity to acquire a restaurant and event complex with a capacity for 1,500 people.
- Facilities renovated in 2018, adapted for weddings, communions, baptisms, and corporate events.
- Strategic location just 20 minutes from Tarragona and Reus, with excellent access to the national highway.
- Current restaurant and hotel license, with mortgage lien and surface rights that can be canceled in the sale.
EXECUTIVE SUMMARY
Unique opportunity to acquire a restaurant and event hall, formerly known as "El Álamo," closed since 2020 due to the COVID-19 pandemic.
This complex, located on the outskirts of Alcover, boasts an excellent location with easy access to the Tarragona-Lérida national highway, just 20 minutes from Tarragona and Reus.
The complex consists of several adjoining buildings totaling 2,490 m2. Built in 1975, it has been periodically renovated, with the latest refurbishment in 2018 to meet business needs.
The establishment is fully equipped and adapted for hosting weddings, communions, baptisms, and corporate events, with a capacity for up to 1,500 people. It is currently unoccupied and ready for operation, showing minimal wear from the cessation of activity.
It holds a valid restaurant and hotel license. Additionally, the property is subject to a mortgage that will be extinguished upon sale. There is also a Surface Right on the property until 2032, with the possibility of cancellation at the time of transaction.
This is an excellent opportunity to revive a business with great potential, located in a strategic area.
This complex, located on the outskirts of Alcover, boasts an excellent location with easy access to the Tarragona-Lérida national highway, just 20 minutes from Tarragona and Reus.
The complex consists of several adjoining buildings totaling 2,490 m2. Built in 1975, it has been periodically renovated, with the latest refurbishment in 2018 to meet business needs.
The establishment is fully equipped and adapted for hosting weddings, communions, baptisms, and corporate events, with a capacity for up to 1,500 people. It is currently unoccupied and ready for operation, showing minimal wear from the cessation of activity.
It holds a valid restaurant and hotel license. Additionally, the property is subject to a mortgage that will be extinguished upon sale. There is also a Surface Right on the property until 2032, with the possibility of cancellation at the time of transaction.
This is an excellent opportunity to revive a business with great potential, located in a strategic area.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,000 - 60,000 SF
Building Class
C
Year Built
2000 - 2009
Price
$455,049
Price Per SF
$16.98
Percent Leased
100%
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