Beachfront hotel with a lease agreement for 20 years, Malaga, Spain

Additional information is provided after the signing of an NDA

Beachfront hotel with a lease agreement for 20 years, Malaga, Spain

34,000,000 €
1,123 € /m²
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  • Total area
    30,253 m²
  • Yield
    7.0 %
  • Rental rate (m²/month)
    6 €
Details
Property parameters
  • Land area: 5,309 m²
  • Total rooms: 400
  • Hotel rating: 4
Financial performance
  • Annual income: 2,380,000 €
Tenants
  • Fully let
  • End of lease: 2039
Loan
  • Loan size: 60% of the value of the property
  • Rate: 1.9 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Features
  • Balcony or terrace
  • Beachfront
  • Swimming pool
  • Car parks
  • Sea view

Four-star beachfront hotel with a long-term lease agreement.

Description

The hotel includes:

  • 400 rooms of 32 m² each
  • restaurant
  • banquet halls
  • conference room
  • bars
  • swimming pools
  • gym
  • sun terrace
  • tennis court
  • SPA-center
  • parking

Occupancy: 80% per year.

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 € 2,380,000.

The current yield is 7%.

Loan

Possible mortgage: 50–60% of the hotel value at 1.9% per annum for 15 years

Tenants

The lease agreement with the hotel chain is signed for 20 years.

The rent payment is confirmed by the bank of the tenant by issuing a bank guarantee.

Transaction costs

Brokerage fee is 5%.

Location

The property is located on the seafront, 25 km from Malaga airport.

Malaga is a seaside town in Spanish Andalusia with a population of over half a million people. Malaga is famous for its beaches with a total length of about 14 km.

Malaga is a port city, an important cultural and financial center of Andalusia, a fashionable Spanish resort with a colorful historical center and an abundance of shops.

  • 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 Malaga elsewhere on our website.

Statistics in Malaga

Price per m², €
2,857
Healthcare efficiency level
75
Index 75 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
76
Index 76 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 2,857.14
Apartment in a bedroom community, m² 1,766.67
Transport Price, €
Public transport, 1 ride 1.3
Monthly travel card 39.95
Taxi, 1 km 1.05
Petrol, 1 l 1.29
Food Price, €
Water, 1.5 l 0.58
Milk, 1 l 0.66
White bread, 500 g 1.08
Eggs, a dozen 1.51
Chicken fillet, 1 kg 5.4
Education Price, €
Kindergarten, per month 348.33
International school, per year 7,666.67
Health care index
Staff competence 78.79
Medical equipment 82.58
Research accuracy and completeness 80.0
Attitude towards patients 78.91
Security index
Crime rate 20.67
The risk of being robbed 23.53
The risk of car theft 32.69
The risk of break-in and property damage 31.73

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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