Sports and Leisure in Undisclosed SP5875F - Business For Sale

Business Description

Asking Price: €2,950,000 + exc VAT (FREEHOLD)

• Fantastic Freehold Investment opportunity
• Well developed sports, leisure complex
• Restaurant/Private functions for up to 300 Guests
• Good Commercial Kitchen
• Seasonal Business, operates five months a year

Great opportunity for Private Investor or Family to purchase a unique family owned Freehold business in the Heart of Italy. This is a rare opportunity to purchase a well maintained and developed business from its sole owners built up over a 17 year period.

The complex is in the mountains in Reggio Emilia, Italy. The Sports facilities consist of two open-air swimming pools, two beach volleyball pitches, synthetic grass tennis court or five-a-side football pitch.

Within the complex is a well maintained and established restaurant with facilities to cater up to 300. The restaurant is ideal for large summer functions on the complex and is regularly booked for weddings. As well as the internal space of the restaurant there is also an outside kiosk/bar area catering for guest outside using the pool area. This is all served from a good standard commercial kitchen. Set off the restaurant there is a smaller function, ‘party’ room ideal for smaller functions or private meetings.

The current owners only open the business during the summer months from May through to September. This results in there being additional untapped revenue to generate from the Business.

The property also includes land of 8000 m2 with ALL permissions in place to build 12 bungalows, hotel or an exclusive spa resort or medical clinic.

The position of the Business is fantastic with beautiful panorama overlooking a valley

The government is also aiming to build a dam and the complex will dominate the whole lake created on River.
This is a forced and reluctant sale due to ill-health; the current owners have developed an easily manageable business with vast potential in a very special area of Italy.

Detailed Information

Website: http://rta-europe.com/?q=Property/PropertyDetail&refno=SP5875F

Real Estate Information

Property Type: Freehold

Size (Sq m or ft): 100030000