Two-star hotel on the seafront.
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)!
A Golden Visa can be obtained with the purchase of this property (residence permit for investments).
The absolute annual income is 126,000 €.
The current yield is 7% (works 8 months per year).
Possible mortgage loan for 1,300,000 € at 1.9% per annum for up to 15 years.
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.