Beachfront hotel in the province of Castellon, Valencia, Spain

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Beachfront hotel in the province of Castellon, Valencia, Spain

6,000,000 €
1,000 € /m²
£5,126,000
£854 /m²
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  • Total area
    6,000 m²
  • Yield
    6.7%
Details
Property parameters
  • Land area: 4,000 m²
  • Total rooms: 120
  • Hotel rating: 3
Financial performance
  • Annual income: 400,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0%
Features
  • Balcony or terrace
  • Beachfront
  • Swimming pool
  • Garden
  • Car parks
  • Elevator
  • Private restricted area
  • Sea view

Three star hotel in the province of Castellon.

Description

Two buildings with a total area of over 6,000 m² include 120 rooms.

Equipment

  • elevator
  • bar
  • terrace
  • swimming pool
  • air conditioning
  • heating

Financial performance

The annual income is 400,000 euros.

The yield is 6.7%.

Tenants

Contract with a hotel operator for a period of 10 years.

Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

The hotel is located on the seafront in the province of Castellón in the autonomous community of Valencia.

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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