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Commercial property for sale in Monte Carlo, Monaco, 270 m²

Commercial property for sale in Monte Carlo, Monaco, 270 m² - photo 1
Commercial property for sale in Monte Carlo, Monaco, 270 m² - photo 2
Commercial property for sale in Monte Carlo, Monaco, 270 m² - photo 3
Price€4,500,000
TypeCommercial property
Covered area270 m²
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Pub-Restaurant in Carre d’Or, Monte

A brief description of the PUB-RESTAURANT-BAR
Location : Monaco Monte-Carlo
The Pub-Restaurant is located in Carre d’Or, Monte Carlo - a 2 minute walk from the Fairmont hotel, 3 minutes from the beaches of Larvotto and 6 minutes from the Place du Casino, a stone’s throw from the entrance of the tunnel F1)

Space & Covers
The Restaurant Pub currently (until June 2019):
1. 150m2 indoor premises plus outside 20m2 terrace - total sitting covers 100.
2. In addition there is a 100m2 summer terrace (May - September) – sitting covers 80.

From June 2019 there will be:
1. 150m2 indoors room plus 32m2 terrace - sitting covers 120.
2. The summer terrace will become a permanent all year outdoor 70m2 terrace – sitting covers 55.
3. A large new building 150m2 –sitting co vers 100.
Restaurant-Pub doubles ! Arriving to a total of 300m2 of indoor space + 100m2 of terraces on totally new and semi-pedestrian road with 4 floors of new public garages under the road. (Attachment Dossier Parking with plans and photo renderings of how it will look)

Service
- Open 365 days per year
- Open from 11.30 am to 4am
- Service non-stop for food and drinks (NON STOP 15 HOURS SERVICE)
- Permanent Authorization for late opening ( 3 years renewable late opening until 5am)
- Take-away & home delivery licence

Technology
- Very new advance TILL system, control and monitoring procedure carried out by an excellent management system, remote control & access included.
- CCTV covering all areas including kitchen & terrace – fully licenced by the government.
- Advanced TV system worldwide Channels
o Multiple channels – 6 TVs indoors can show different channels
o Single channel – 3 TVs terrace

Social Media
- Facebook, Web site ,Instagram, Twitter, Linkedin
- GUINNESS AWARD: 6th place in all France and Monaco for the best seller (quantity sold) of Guinness draft beer.
- All mayor magazines and maps
- Links with many local associations (including BAM, IUM, Grimaldi forum)

Option 1
- Fond du Commerce only
(Business +Full License plus 22 years goodwill including all existing furniture and equipment )
Asking price 4.5 Million Euro.
After paying rent of 12,500 Euros per month to the landlord, there is a net profit after taxes (which are 0) of 562,000 Euros per year (see attachment – last 3 years financials).
Profit 379,000 + INT 67,000 +DEPRECIATION 266.00 = 712.000 Euros - rent 150.000 per years = 562,000 Euros net
We will therefore have ROI of around 562.000 / 4,500,000 = 12.5%
The purchase of the Fond implies the owner will be able to have residence in Monaco.

Option 2
- Freehold only of the Pub Restaurant premises
Asking price 6.5 Million Euro
The commercial property freehold in Monaco are a rarity.
The value of the freehold as valued by 2 real estate Monaco agencies is between 6 and 7 Million Euro: in Monaco a commercial property yield of between 2 and 2.3% net is considered more than optimal (https://monacopropertiessolutions.com/2018/04/15/analysis-of-the-rental-yield-in-monaco/).
Asking price freehold only 6.5 Million Euro +Fond du Commerce 5.5 Million= 12 Million
The property is located in Carre d’Or, Monte Carlo - a 2 minute walk from the Fairmont hotel, 3 minutes from the beaches and 6 minutes from the Place du Casino, a stone’s throw from the entrance of the tunnel F1)

Option 3
Option 1 (Business Full License , goodwill )+ Option 2 (Freehold )
Asking price 10 Million Euro.
(In this case the rent of Euro 150.000 is not due anymore ,and the 150.000 must be added to the profit mentioned above at the option 1)

Extra Сosts when Buying Property

Notary fees 1.5-2.5%
Transfer tax* 4.5-7.5%
VAT** 19.6%
*re-sale property
**new property

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Ongoing Ownership Costs

Internet ab. €30
Monthly utilities* €187,5
*in average for apartment of 85 м²

Additional Services Costs

Real Estate Agent’s Fee 3%+19.6%VAT

Return on Investment

Property Price
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