Apartment hotel on the central beach of Benidorm, Spain

Additional information is provided after the signing of an NDA

Apartment hotel on the central beach of Benidorm, Spain

3,800,000 €
950 € /m²
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  • Total area
    4,000 m²
Details
Property parameters
  • Total rooms: 36
Loan
  • Loan size: 65% of the value of the property
  • Rate: 2.1 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 300 m
Features
  • Balcony or terrace
  • Furnished
  • Swimming pool
  • Car parks
  • Sea view

Apartment hotel in 300 meters from the beach.

Description

The hotel occupies 12 floors and includes:

  • 36 apartments
  • reception desk
  • cafeteria
  • swimming pool with recreation area
  • parking
  • 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.

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 price of the hotel is reduced from 4,500,000 €!

The absolute annual income is 300,000 €.

The current yield is 7.9%.

Loan

A bank loan of 2,500,000 € for up to 15 years at 2.1% per annum is possible.

Tenants

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.

Transaction costs

Brokerage fee is 5%.

The cost of ownership

All costs of operating the hotel, repair and furnishing are paid by the tenant.

Location

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.

  • 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 Benidorm elsewhere on our website.

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