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

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

2,850,000 €
2,626 € /m²
£2,445,000
£2,253 /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

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.

More properties

If this ad doesn't suit you, have a look at the other hotels for sale in Benidorm.

All ads in the country: hotels for sale in Spain.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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