Hotel by the sea in Alicante, Spain

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Hotel by the sea in Alicante, Spain

1,750,000 €
1,750 € /m²
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  • Total area
    1,000 m²
  • Yield
    7.0 %
  • Rental rate (m²/month)
    10 €
  • Built in 
    2004
Details
Property parameters
  • Land area: 600 m²
  • Total rooms: 20
  • Hotel rating: 2
  • 5-floor building
Financial performance
  • Annual income: 126,000 €
Loan
  • Loan size: 70% of the value of the property
  • Rate: 1.9 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 20 m
Features
  • Balcony or terrace
  • Internet
  • TV
  • Beachfront
  • Car parks
  • Sea view

Two-star hotel on the seafront.

Description

The hotel has 5 floors and consists of 20 rooms, all with private bathrooms, each room has a TV, air conditioning, safe, mini-bar, Wi-Fi. Some rooms have kitchens. There is a cafe, elevator.

It has on the top floor penthouse duplex of the owner with two bedrooms, lounge, terraces overlooking the sea.

Offered for sale due to the departure of the owner to retire. It was built and always belonged to the same owner.

The hotel is in perfect condition, does not even need cosmetic repairs.

95% occupancy in the summer months and in September.

Rating on Booking over the past years – 9.6 (Excellent)!

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 126,000 €.

The current yield is 7% (works 8 months per year).

Loan

Possible mortgage loan for 1,300,000 € at 1.9% per annum for up to 15 years.

Location

The property is located 20 meters from the sandy beach, surrounded by restaurants and bars.

Alicante is a resort town in eastern Spain, the center of the province of the same name. It is considered the capital of the eastern Spanish coast and the main resort of the Costa Blanca. The population of the city is more than 300 thousand people.

Alicante is a place where you can find almost everything a tourist needs: sea and white sandy beaches, rich history and attractions. Its symbol and main historical landmark is the medieval castle of Santa Barbara on Mount Benatankil.

One of the highlights of Alicante is its famous festival called Las Hogueras de San Juan or the Bonfires of St. John.

  • 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 Alicante elsewhere on our website.

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