New boutique hotel in Mallorca, Spain

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New boutique hotel in Mallorca, Spain

3,200,000 €
1,454 € /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
    2,200 m²
  • Built in 
    2019
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Details
Property parameters
  • Total rooms: 35
  • Hotel rating: 4
  • 4-floor building
Tenants
  • End of lease: 2029
Loan
  • Loan size: 50% of the value of the object
  • Rate: 2.5 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 500 m
Features
  • Swimming pool

Four-star hotel in 500 meters from the beach.

Description

The hotel includes:

  • 35 rooms
  • restaurant
  • the bar
  • 2 swimming pools, one of which is on the roof

Financial performance

The absolute annual income is € 192,000.

The current yield is 6%.

Loan

Possible financing of the purchase for 50% of the cost at 2.5% per annum for a period of 15 years.

Tenants

The lease agreement concluded with the hotel chain is valid for 10 years.

Location

The property is located on the island of Mallorca, 60 km from the island's capital – Palma de Mallorca.

Mallorca is an island in the Mediterranean Sea that is part of the Balearic Islands and belongs to Spain. This is the largest island in terms of area and population in the territory of Spain.

Palma de Mallorca is one of the most popular tourist cities. Now about 500 thousand people live in the capital of the Balearic Islands, most of them are engaged in tourism — only the island’s airport receives up to 25 million passengers per year.

  • Property on the map
    Location right down to the building, street or city

Statistics in Spain

Price per m², €
2,967
Healthcare efficiency level
78
Index 78 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
69
Index 69 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 2,967.16
Apartment in a bedroom community, m² 1,912.74
Transport Price, €
Public transport, 1 ride 1.4
Monthly travel card 43.0
Taxi, 1 km 1.07
Petrol, 1 l 1.28
Food Price, €
Water, 1.5 l 0.58
Milk, 1 l 0.76
White bread, 500 g 0.95
Eggs, a dozen 1.62
Chicken fillet, 1 kg 5.87
Education Price, €
Kindergarten, per month 350.46
International school, per year 6,931.55
Health care index
Staff competence 82.96
Medical equipment 87.37
Research accuracy and completeness 78.05
Attitude towards patients 75.78
Security index
Crime rate 28.02
The risk of being robbed 31.35
The risk of car theft 35.99
The risk of break-in and property damage 40.56

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 Majorca (Mallorca) 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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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Majorca (Mallorca)
    +44 17 4822 0039
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