A detached six-storey building.
Description
The total area of the building is 7,424 m²
Number of stars: 3.
The hotel room capacity: 55 rooms (30 studios, 9 double-rooms and 16 triple rooms).
The building was built in 1974. At the moment, the hotel is non-operational, the repair is required.
Financial performance
Purchase price of the building: 2,100,000 €.
Renovation costs: 2,686,000 €.
Total costs: 4,786,000 €.
Absolute annual rental income is 275,000 €.
The yield of 5.7%.
Tenants
After completion of the renovation, the building will be leased out to the hotel operator for 10 years.
Location
The hotel is located in the resort city with the population of more than 20 thousand people, on the coast of the Mediterranean Sea. The distance to the beach is 150 meters.
