Three-star beachfront hotel on the Costa Blanca in Valencia.
Description
The hotel includes 120 rooms located in two 5-story buildings.
The hotel is in excellent condition.
Extra opportunities
A Golden Visa can be obtained with the purchase of this property (residence permit for investments).
Financial performance
The absolute annual income is 400,000 €.
The current yield is 7.7%.
Loan
Possible financing for € 3,300,000 at 1.9% per annum for up to 20 years.
Location
The property is located on the seafront on the Costa Blanca in the city of Valencia – one of the most beautiful cities in Spain on the shores of the Mediterranean Sea. It is the third most populated city after Madrid and Barcelona.
There are 300 sunny days a year in Valencia with an average temperature of 19ºС, which makes this province ideal for living all year round.
Valencia has beautiful architecture, developed infrastructure, schools and universities, excellent gastronomy and spacious beaches.
Valencia is also the venue for international events such as the European Formula One Grand Prix or the Valencia Open Tennis 500 Championship.
