Two Bars in Caleta Close Down

[Spike On Q]

Looking forward to some jellies eels and liquor and some real English beer!

[Spike On Q]

And brown sauce!

[PHo]

I think the high rents issue may be to do with banks. If a bank owns a property, it values it in its books as a multiple of the annual rent, perhaps 20x, even if is empty.  If it lets at a lower rent, it has to reduce the valuation, and take a loss of twenty years of the reduction, but if it stays empty the bank only loses one year's rent per annum, so it often makes accounting sense to leave it empty rather than reduce the rent to let it.
Daft, I know, but that's accountants for you.

[woe10]

BAR FOR SALE - MONTECASTILLO/CALETA DE FUSTE
Chaplins Bar for sale - €10,000 - walk in today, and be open for business tomorrow
Fully equipped sports bar with kitchen.
Good client base, both locals and tourists.
Fully legal entity, you can start trading tomorrow!
Contact Mark - markpmuk@hotmail.com or 628 673 075

Cheers Woe I will be walking in on Saturday as the new owner, it's all your fault;) First beer on me see you @ 5pm for the Ammers game

My pleasure appy. It's just one of the nice things I do for people in Caleta 

[meggie]

Dont know you appy but congratulations and i wish you every success for the future. Hope you have a good  summer. Cheers Chris.