Three-star hotel located 100 meters from the beach, next to the world-famous night clubs and discos of Ibiza.
The hotel includes 105 rooms.
The hotel is in excellent condition, does not require repairs. All costs for maintenance and service, repair, insurance will be paid by the tenant.
Rating on Booking is 8.6.
The absolute annual income is 750,000 €.
The current yield is 4.4%.
The lease agreement with a well-known hotel chain is valid for 20 years with a bank guarantee for rent payment.
The property is located in the city of Ibiza, on the similarly-named island — a famous international resort located in the Mediterranean Sea, 80 km from the coast of Spain. Besides music clubs, Ibiza is famous for its beaches, monuments of all eras and exotic landscapes.
Ibiza is the third largest and the first in tourism development among the fifty islands of the Balearic archipelago. Ibiza is the administrative part of the autonomous region of the Balearic Islands with the capital Palma, located on the island of Mallorca. The island’s population is more than 140 thousand people.