Hotel with 20-year lease, Ibiza, Spain

Additional information is provided after the signing of an NDA

Hotel with 20-year lease, Ibiza, Spain

16,900,000 €
1,778 € /m²
£14,501,000
£1,526 /m²
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  • Total area
    9,500 m²
  • Yield
    4.4%
Details
Property parameters
  • Land area: 6,500 m²
  • Total rooms: 105
  • Hotel rating: 3
Financial performance
  • Annual income: 750,000 €
Tenants
  • Fully let
  • End of lease: 2040
Transaction costs
  • Broker: 5.0%
Distance to:
  • Sea at 100 m

Three-star hotel located 100 meters from the beach, next to the world-famous night clubs and discos of Ibiza.

Description

The hotel includes 105 rooms.

The hotel is in excellent condition, does not require repairs. All costs for maintenance and service, repair, insurance will be paid by the tenant.

Rating on Booking is 8.6.

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 750,000 €.

The current yield is 4.4%.

Tenants

The lease agreement with a well-known hotel chain is valid for 20 years with a bank guarantee for rent payment.

Location and nearby infrastructure

The property is located in the city of Ibiza, on the similarly-named island — a famous international resort located in the Mediterranean Sea, 80 km from the coast of Spain. Besides music clubs, Ibiza is famous for its beaches, monuments of all eras and exotic landscapes.

Ibiza is the third largest and the first in tourism development among the fifty islands of the Balearic archipelago. Ibiza is the administrative part of the autonomous region of the Balearic Islands with the capital Palma, located on the island of Mallorca. The island’s population is more than 140 thousand people.

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