New hotel in the center of Madrid, Spain

Additional information is provided after the signing of an NDA

New hotel in the center of Madrid, Spain

1,450,000 €
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  • Yield
    6.2 %
Details
Property parameters
  • Total rooms: 11
Financial performance
  • Annual income: 90,000 €
Tenants
  • Fully let
  • End of lease: 2029
Loan
  • Loan size: 50% of the value of the property
  • Rate: 1.9 %
Transaction costs
  • Broker: 5.0 %
Features
  • Internet
  • TV

New hotel near the central railway station Atocha, five minutes walk from the main square of Madrid – the Plaza Mayor!

Description

The hotel includes 11 rooms. All rooms are equipped with air conditioning, a flat-screen TV and Wi-Fi.

The building has a lift.

Customer rating on Booking is 8.9!

Excellent investment offer in the center of Madrid with a minimum initial investment of own funds.

The price is reduced from € 1,500,000!

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 90,000 €.

The current yield is 6,2%.

Also, the hotel can be purchased without a tenant, for own management. Then the annual income will be 130,000 — 150,000 €, which will increase the yield to 8.6 — 10% per year.

Loan

There is an option to purchase a hotel with bank financing up to 50% of the value of the property. For example, 750,000 € at 1.9% per annum.

Assistance in obtaining a loan is provided.

Tenants

The lease agreement with the hotel chain is signed for 10 years with a guarantee of payment of € 90,000 per year.

It possible to purchase without a tenant.

Transaction costs

Brokerage fee — 5%.

Location

The property is located in the center of Madrid, near the metro station and the central railway station Atocha. Popular attractions near the hotel include Puerta del Sol, San Miguel Market and the Reina Sofia Museum.

Adolfo Suarez Madrid-Barajas Airport is 17 km away.

Madrid is the capital of Spain and the largest city in the country with a population of over 3 million people. This is a modern and noisy metropolis, located almost in the center of the Iberian Peninsula.

Madrid is an influential cultural center with many international museums, including the Prado Museum, the Reina Sofia Art Center, the Thyssen-Bornemisza Museum and the Madrid Forum, which are in the hundred most visited museums in the world.

Madrid remains the second most important industrial center of Spain after Barcelona. The importance of Barajas Airport and its contribution to administrative and financial activities has recently increased significantly. Road construction and expansion of rail transportation has significantly increased in recent years as well. There are several car factories in the suburbs of Madrid.

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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 Madrid (city) elsewhere on our website.

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