Hotel, Catalonia, Spain

Additional information is provided after the signing of an NDA

Hotel, Catalonia, Spain

2,100,000 €
282 € /m²
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  • Total area
    7,424 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    3 €
  • Built in 
    1974
Details
Property parameters
  • Land area: 2,000 m²
  • Total rooms: 55
  • Hotel rating: 3
  • 6-floor building
Financial performance
  • Annual income: 275,000 €
Distance to:
  • Sea at 150 m

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.

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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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 and nearby infrastructure

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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other hotels for sale in Spain.

You can see more hotels for sale in Catalonia elsewhere on our website.

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