New apartment hotel in the center of Alicante, Spain

Additional information is provided after the signing of an NDA

New apartment hotel in the center of Alicante, Spain

1,685,000 €
1,982 € /m²
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  • Total area
    850 m²
  • Yield
    8.2 %
  • Rental rate (m²/month)
    13 €
  • Built in 
    2018
Details
Property parameters
  • Total rooms: 11
  • Number of parking lots: 8
Financial performance
  • Annual income: 138,000 €
Loan
  • Loan size: 50% of the value of the property
  • Rate: 2.2 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Features
  • Balcony or terrace

Building with tourist-licensed apartments in the very center of the resort town.

Description

The hotel includes:

  • 11 apartments
  • underground garage for 8 cars
  • panoramic rooftop terrace

The apartments are ready to be leased: fully furnished, electrical equipment and air conditioning are installed.

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Loan

Possible bank financing in the amount of 50% of the cost for up to 15 years at 2.2% per annum.

Tenants

The apartments have a tourist license and are managed by a hotel chain.

Location

Alicante is a resort town in eastern Spain, the center of the province of the same name. It is considered the capital of the eastern Spanish coast and the main resort of the Costa Blanca. The population of the city is more than 300 thousand people.

Alicante is the most popular province of Spain among foreigners – last year, 50% of local house purchases were made by foreigners. In addition, there is one of the largest airports in the country, serving up to 13 million passengers per year.

  • 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.

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