New hotel with a long-term rental agreement in the center of Benidorm, Spain

Additional information is provided after the signing of an NDA

New hotel with a long-term rental agreement in the center of Benidorm, Spain

2,850,000 €
2,626 € /m²
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  • Total area
    1,085 m²
  • Built in 
    2019
Details
Property parameters
  • Total rooms: 19
  • Hotel rating: 3
  • 7-floor building
Tenants
  • End of lease: 2030
Loan
  • Loan size: 50% of the value of the property
  • Rate: 2.5 %
  • Loan term: 20 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 500 m
Features
  • Swimming pool

New three-star hotel in 500 meters from the central beach.

Description

The hotel includes:

  • 19 rooms, including 14 standard rooms and 5 apartments (living room + bedroom)
  • rooftop pool

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 215,000 €.

The current yield is 7.5%.

Loan

Possible financing for 50% of the cost at 2.5% per annum for up to 20 years.

Tenants

The property is leased to the hotel chain with a mandatory performance agreement until 2030.

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.

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.

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