Apartment hotel on the seafront, Villajoyosa, Spain

Additional information is provided after the signing of an NDA

Apartment hotel on the seafront, Villajoyosa, Spain

2,300,000 €
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  • Yield
    5.6 %
  • Built in 
    2010
Details
Property parameters
  • Total rooms: 21
  • 5-floor building
Financial performance
  • Annual income: 130,000 €
Loan
  • Loan size: 65% of the value of the property
  • Rate: 1.9 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 100 m
Features
  • Sea view

Apartment hotel overlooking the sea and 100 meters from the central beach.

Description

The hotel occupies 5 floors and consists of 21 apartments: 6 studios, 14 apartments with 1 bedroom and a lounge, 1 apartment with two bedrooms.

The building has a lift.

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 130,000 €.

The current yield is 5.6%.

Loan

Possible mortgage loan for 1,500,000 € for up to 15 years at 1.9% per annum.

Transaction costs

Brokerage fee is 5%.

Location

The property is located on the Costa Blanca, near the city of Benidorm, 40 km from Alicante Airport.

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    Location right down to the building, street or city
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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 Villajoyosa elsewhere on our website.

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