Apartment hotel in 300 meters from the beach.
The hotel occupies 12 floors and includes:
- 36 apartments
- reception desk
- swimming pool with recreation area
- a night porter's apartment on the ground floor
Each apartment of 45 square meters consists of a kitchen, a lounge, a bedroom, a bathroom and a terrace overlooking the sea and can accommodate 4 people.
All apartments are fully equipped with furniture and all necessary kitchen utensils: refrigerator, microwave, and ceramic hob, dishes.
A Golden Visa can be obtained with the purchase of this property (residence permit for investments).
The price of the hotel is reduced from 4,500,000 €!
The absolute annual income is 300,000 €.
The current yield is 7.9%.
A bank loan of 2,500,000 € for up to 15 years at 2.1% per annum is possible.
If the future owner wishes, the hotel can be leased to the hotel chain for 300,000 € per year for up to 10–15 years, with income indexation according to the inflation rate in Spain.
Brokerage fee is 5%.
The cost of ownership
All costs of operating the hotel, repair and furnishing are paid by the tenant.
Benidorm is a city and municipality in Spain with a population of over 70 thousand people, a part of the province of Alicante in the autonomous community of Valencia.
Benidorm is the tourist capital of the Costa Blanca. There are many amazing beaches and clear sea. The city is called the Spanish New York for a large number of skyscrapers and the Spanish Las Vegas for the abundance of bars, restaurants and other places of entertainment.