Hotel with a lease agreement for 20 years, Mallorca, Spain

Additional information is provided after the signing of an NDA

Hotel with a lease agreement for 20 years, Mallorca, Spain

16,000,000 €
1,355 € /m²
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  • Total area
    11,800 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    6 €
Details
Property parameters
  • Land area: 2,600 m²
  • Total rooms: 239
  • Hotel rating: 3
Financial performance
  • Annual income: 960,000 €
Tenants
  • Fully let
  • End of lease: 2039
Loan
  • Loan size: 70% of the value of the property
  • Rate: 1.9 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Features
  • Swimming pool

Three-star hotel with a long-term lease agreement.

Description

The hotel includes:

  • 239 rooms
  • restaurant
  • swimming pool
  • sauna

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 960,000 €.

The current yield is 6%.

Loan

A possible loan of 11200,000 € at 1.9% per annum for up to 15 years.

Tenants

A lease agreement is valid for 20 years.

Transaction costs

Brokerage fee is 5%.

Location

Mallorca is one of the largest Balearic islands located in the Mediterranean, and one of the most popular resorts in Spain (12 million tourists visit this island annually). The capital is Palma de Mallorca.

  • 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 Balearic Islands elsewhere on our website.

Statistics in Spain

Price per m², €
2,967
Healthcare efficiency level
78
Index 78 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
69
Index 69 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 2,967.16
Apartment in a bedroom community, m² 1,912.74
Transport Price, €
Public transport, 1 ride 1.4
Monthly travel card 43.0
Taxi, 1 km 1.07
Petrol, 1 l 1.28
Food Price, €
Water, 1.5 l 0.58
Milk, 1 l 0.76
White bread, 500 g 0.95
Eggs, a dozen 1.62
Chicken fillet, 1 kg 5.87
Education Price, €
Kindergarten, per month 350.46
International school, per year 6,931.55
Health care index
Staff competence 82.96
Medical equipment 87.37
Research accuracy and completeness 78.05
Attitude towards patients 75.78
Security index
Crime rate 28.02
The risk of being robbed 31.35
The risk of car theft 35.99
The risk of break-in and property damage 40.56

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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