Hotel in Benidorm, Valencia, Spain

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Hotel in Benidorm, Valencia, Spain

1,350,000 €
3,000 € /m²
£1,156,000
£2,568 /m²
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  • Total area
    450 m²
  • Yield
    8.1%
  • Built in 
    2020
Details
Property parameters
  • Total rooms: 9
Financial performance
  • Annual income: 110,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0%
Distance to:
  • Sea at 250 m
Features
  • Car parks
  • Elevator
  • Town view

Hotel in Benidorm, 250 meters from the sea.

Description

The five-storey building with a total area of 450 m² includes 9 apartments. All apartments are equipped with kitchen, furniture and balconies.

Equipment

  • restaurant
  • elevator

Financial performance

The annual income is 110,000 €.

The yield is 8.1%.

Tenants

The building is fully leased.

Possibility of own management.

Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

The building is located in the center of Benidorm, 250 meters from the sea.

The Valencian Community is an autonomous community of Spain. It is the fourth most populous autonomous community. It is located along the Mediterranean coast on the east side of the Iberian peninsula. The population is about 5 million people.

In addition to tourism, the Valencian Country has significant exports, and it ranks second in this respect among the Spanish autonomous communities, constituting 12% of the national total.

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