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Disco, Bar, Concert Hall, Sports Arena For Sale

Conthey, Valais
Asking Price:
$2,950,000 (USD) Furniture / Fixtures included
Sales Revenue:
$184,000 (USD)
Cash Flow:
Over $2.5M (USD)

Commercial building in the middle of the Swiss Alps, close to the ski resorts of Zermatt (Matterhorn), Crans-Montana, Verbier, and the 4 Vallées, close to the cities of Geneva and Lausanne. This building is currently used as a discotheque, concert hall, sport arena (MMA, wrestling, boxing), performance hall and bar. This real estate property can be sold both to Swiss residents and to foreign citizens. The sale includes the land, the commercial building and all its equipment and installation.

The property was built in 1991 and was totally revamped and renovated in 2014.

The construction, built in reinforced concrete, consists of three and a half floors. It has two separate facilities and numerous utility rooms in the basement (the building also includes, in the basement, numerous bunker protection rooms with armoured doors).

The establishment has underfloor central heating, central fan heating (ventilation) and an air conditioning system. The facilities also consist of a central cooling system for all drawers in the bar, a dumbwaiter lift, high capacity ice cube production units, centralized beverage dispensing system, cash register and beverage control, camera control system inside and outside (SECURITION), alarm and electronic access control system inside and outside doors (BSW SECURITY and SECURITAS DIRECT), first choice sound and light equipment (L-ACOUSTICS) (complete equipment listing on request).

The building has more than 100 private parking spaces (on tarred and delimited ground) as well as about 500 public parking spaces right next door. The building is served by a bus stop just nearby and a train stop. The land allows the construction of other buildings.

The premises are currently rented out (to two solvent individuals) for a period of 10 years (the lease cannot be terminated by tenants until 2028.) with a net income of USD 184,000 per year (CHF 180,000 per year). In accordance with the lease agreement, all charges and maintenance of the building and its installations are the sole responsibility of the tenants. The owner does not contribute to these costs. The lease is worded in such a way that the new owner may freely decide to keep the tenants for the next 10 years or to operate the establishment himself.

A payment of the sale price in cryptomonnaie could be envisaged (only Bitcoin, Bitcoin Cash, Litecoin or Ethereum).

Property information

Real Estate:

Real Property Included

Location:

Commercial building in the middle of the Swiss Alps, close to the ski resorts of Zermatt (Matterhorn), Crans-Montana, Verbier, and the 4 Vallées, close to the cities of Geneva and Lausanne.

Premises Details:

The construction, built in reinforced concrete, consists of three and a half floors. It has two separate facilities and numerous utility rooms in the basement (the building also includes, in the basement, numerous bunker protection rooms with armoured doors).

Size in square feet:
13,565
Planning Consent:

Possibility of operating the building as a discotheque, bar, concert hall, concert hall, sports arena or other commercial or industrial activity.

Business Operation

Expansion Potential:

Possibility of building another commercial or industrial building on the plot, with a maximum floor area of 875 m2 distributed over a number of free levels, maximum height 12 metres (the distance from the water table even allows a basement).
For this area, there is no density index. The buildings constructed can occupy 40% of the total surface area of the plot; the number of levels is not limited either.
Thus, it is possible to build another building on three floors with for example two basement levels for a total surface of 4'375 m2.
In addition, it is possible to construct another building on the property line thanks to an adjoining servitude.

Competition / Market:

It is one of the largest discotheques in Switzerland, and by far the largest within a 100 km radius.

Years established:
1991

Other Information

Financing available:

A payment of the sale price in cryptomonnaie could be envisaged (only Bitcoin, Bitcoin Cash, Litecoin or Ethereum).

Furniture / Fixtures value:
$550,000 (USD) - included in the asking price
Administration / receivership:
This business is in administration / receivership

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