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Hotel in 40 meters from the sea, Torremolinos, Spain

7,500,000 €
£6,435,000
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  • Yield
    8.0%
Details
Property parameters
  • Total rooms: 48
Financial performance
  • Annual income: 600,000 €
Transaction costs
  • Broker: 3.0%
Distance to:
  • Sea at 40 m
Features
  • Swimming pool
  • Sea view

The operating hotel located on the second line from the sea and surrounded by the entire resort infrastructure.

Description

The hotel includes:

  • 48 rooms, 28 of which with panoramic sea views
  • bar
  • restaurant
  • recreation areas
  • offices
  • swimming pool
  • jacuzzi

Extra opportunities

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

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Financial performance

The absolute annual income is 600,000 €.

The current yield is 8%.

Transaction costs

Brokerage fee is 3%.

Location and nearby infrastructure

The hotel is located in the most prestigious area of Torremolinos. The population of the city is about 70 thousand people.

Torremolinos is a small resort town in Spain belonging to the province of Malaga on the Costa del Sol. The main feature of the city of Torremolinos is its coastline — more than 6 km of sandy beaches with all amenities.

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If this ad doesn't suit you, have a look at the other hotels for sale in Torremolinos.

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