Hotel on the Costa Blanca, Spain

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Hotel on the Costa Blanca, Spain

5,200,000 €
1,026 € /m²
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  • Total area
    5,066 m²
  • Yield
    6.7 %
  • Rental rate (m²/month)
    5 €
  • Built in 
    2005
Details
Property parameters
  • Land area: 2,097 m²
  • Total rooms: 110
  • Number of parking lots: 30
  • Hotel rating: 3
  • 7-floor building
Financial performance
  • Annual income: 350,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 200 m
Features
  • Swimming pool

Three star hotel in 200 meters from the sea.

Description

The land area is 2,097 m².

The total area of the hotel is 5,066 m².

The hotel includes:

  • 110 rooms
  • conference room for 250 people
  • restaurant
  • bar
  • swimming pool
  • parking

The price includes 200,000 € for repairs to modernize the hotel in accordance with the latest technology and standards.

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 350,000 €.

The current yield is 6.7%.

Tenants

The hotel chain is ready to prolong the current lease agreement.

Location

The Costa Blanca is a region on the Mediterranean coast of Spain which includes the coastal villages of the province of Alicante in the autonomous community of Valencia. It's a seaside resort and tourism area.

The Costa Blanca is visited annually by about 6 million tourists, local hotels can accommodate more than 150 thousand people.

The resort capital is the city of Benidorm with the beaches of Playa de Levante and Playa de Poniente. In 2000, the Terra Mitika amusement park was opened. Over one million people visited it in one season.

  • 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 Alicante elsewhere on our website.

Statistics in Valencia

Price per m², €
2,653
Healthcare efficiency level
82
Index 82 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
74
Index 74 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 2,652.73
Apartment in a bedroom community, m² 1,468.18
Transport Price, €
Public transport, 1 ride 1.5
Monthly travel card 41.0
Taxi, 1 km 1.08
Petrol, 1 l 1.28
Food Price, €
Water, 1.5 l 0.42
Milk, 1 l 0.69
White bread, 500 g 0.78
Eggs, a dozen 1.44
Chicken fillet, 1 kg 6.17
Education Price, €
Kindergarten, per month 347.64
International school, per year 6,972.73
Health care index
Staff competence 81.67
Medical equipment 89.81
Research accuracy and completeness 83.33
Attitude towards patients 75.83
Security index
Crime rate 18.6
The risk of being robbed 20.18
The risk of car theft 32.69
The risk of break-in and property damage 37.05

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

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Alicante
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