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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  • Total area
    600 m²
  • Built in 
    2019
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)!

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 expected annual income, if lease to a management company, 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
  • 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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