Hotel on Mallorca, Balearic Islands, Spain

Additional information is provided after the signing of an NDA

Hotel on Mallorca, Balearic Islands, Spain

5,000,000 €
2,500 € /m²
£4,227,000
£2,113 /m²
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  • Total area
    2,000 m²
  • Yield
    5.0%
Details
Property parameters
  • Land area: 500 m²
  • Total rooms: 64
  • Hotel rating: 2
Financial performance
  • Annual income: 250,000 €
Property status
  • Most recent total renovation: 2018
Transaction costs
  • Broker: 5.0%
Distance to:
  • Sea at 500 m
Features
  • Swimming pool

Two-star hotel on Mallorca close to the beach.

Description

The building with a total area of over 2,000 m² includes 64 rooms (123 beds).

Equipment

  • restaurant
  • swimming pool

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 annual income is 250,000 €.

The yield is 5%.

Tenants

Purchase with or without a tenant is possible.

Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

The hotel is located on the island of Mallorca, 500 meters from the beach. Distance to the airport — 10 km, to the city of Palma de Mallorca — 15 km.

Mallorca is the largest island in the Balearic Islands, which are part of Spain and located in the Mediterranean. The capital of the island, Palma, is also the capital of the autonomous community of the Balearic Islands.

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