The ¡Estupendo! Blog Site

Estupendo are offering a very unique opportunity to get a business started in the old town area of Lanzarote’s most popular resort of Puerto del Carmen for a minimum cost.This area is a favourite with the Irish but also Spanish and many other nationalities who visit Lanzarote.

The La Hoya complex has been well established but has recently suffered like most due to the economic crisis. Experiencing less visitors to the island it has been a tough two years but now finally things are starting to improve especially as Spain is now officially out of recession.The complex already boasts some very established bars and businesses including the El Niño surf wear brand, The Matchmaker bar, The Tartan Teddy bar, Brendan Behans bar, The Blarney Stone bar and The Halfpenny Inn to name the most popular.

The commercial centre has been slowly spending money on the community to upgrade the building, a new underground car park recently opened for clients using this complex and the old harbour area. Parking has been at a premium in the streets here so the car park was a very welcome addition and has provided a solution for clients wanting to shop and relax at the centre. There are also plans by a Spanish investor to turn the basement into a Bowling alley and a new Cinema which would turn the area around overnight, many British expats have wanted a cinema in Puerto del Carmen for years.

Upstairs in the main area of the complex things are also starting to move forward. There is a new Irish bar recently opened called Father Teds, the new owners saw the potential in La Hoya and have invested for the long term. A new German bar has opened offering a different option for clients in that area together with a new Launderette and the German supermarket (Hamster) on the ground floor. These are all small steps but positive ones, there are rumours of a lift and escalator being installed increasing access to each floor for the less able.

If you are looking for a low cost option to set up a bar, restaurant, coffee shop, office or shops then these locals have to be worth viewing to see how they fit in with your business ideas. Units are available with the correct paperwork to trade, they even have initial rent free periods and reduced rents to entice new ventures to invest in this commercial centre. Prices start from only €5,000 for a fully functional bar so don’t wait until the prices increase back to the high levels we’ve all become accustomed to over recent years.

Centro Commercial La Hoya offers the best value commercial premises in Lanzarote, situated in the heart of the very popular old town area of Puerto del Carmen.

Please contact the Estupendo Puerto del Carmen office for more information.