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
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  • Total area
    9,500 m²
  • Yield
    4.4 %
  • Rental rate (m²/month)
    6 €
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

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.

  • 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 Ibiza elsewhere on our website.

Statistics in Ibiza

Price per m², €
5,000
Safely rate
50
Index 50 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 5,000.0
Apartment in a bedroom community, m² 4,500.0
Transport Price, €
Public transport, 1 ride 2.25
Monthly travel card 44.5
Taxi, 1 km 1.26
Petrol, 1 l 1.39
Food Price, €
Water, 1.5 l 0.75
Milk, 1 l 0.95
White bread, 500 g 0.69
Eggs, a dozen 2.27
Chicken fillet, 1 kg 6.22
Education Price, €
Kindergarten, per month 350.0
International school, per year 11,500.0
Security index
Crime rate 55.26
The risk of being robbed 57.89
The risk of car theft 60.53
The risk of break-in and property damage 57.89

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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