New apartment hotel in the center of Benidorm, Spain

Additional information is provided after the signing of an NDA

New apartment hotel in the center of Benidorm, Spain

1,500,000 €
2,500 € /m²
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A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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  • Total area
    600 m²
  • Built in 
    2019
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Details
Property parameters
  • Total rooms: 10
  • 4-floor building
Loan
  • Loan size: 50% of the value of the property
  • Rate: 1.9 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 280 m
Features
  • Balcony or terrace

New apartment hotel located in 280 meters from the beach, in the center of the most popular resort town in Spain.

Description

The four-story hotel with a total area of 600 m² includes 10 apartments, a reception area and an elevator. All apartments have their own kitchen, lounge, bedroom, bathroom and balcony with city views.

The hotel has been commissioned in 2019. It conforms to all municipal requirements, has all necessary permissions and licenses.

Rating on Booking is 9.3 (Wonderful)!

Financial performance

The expected annual income is 112,500 €.

The expected yield is 7.5%.

Loan

Bank financing of € 750,000 is possible at 1.9% per annum for up to 15 years.

Transaction costs

Brokerage fee is 5%.

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

Statistics in Benidorm

Price per m², €
2,100
Real estate Price, €
Apartment in the city centre, m² 2,100.0
Apartment in a bedroom community, m² 1,479.0
Transport Price, €
Public transport, 1 ride 1.5
Monthly travel card 40.0
Taxi, 1 km 1.35
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.51
Milk, 1 l 0.69
White bread, 500 g 0.93
Eggs, a dozen 1.47
Chicken fillet, 1 kg 5.83
Education Price, €
Kindergarten, per month 325.67
International school, per year 6,666.67

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Enquire about this hotel
    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Benidorm
    +44 17 4822 0039
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      • Bank financing from 2.5% annually
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