- 27,285,000 €
- 4.7% yield
- Majorca (Mallorca) Hotel 15,000,000 €
- Basic parameters
- Photo
№ 1,912,260
Hotel 2,400 m² in Majorca (Mallorca)
15,000,000 €
6,250 € /m²
- Room stock 35
- Yield 6.0%
- Constructed —
- Price per key 428,571 €
Key project parameters
- Total area
- 2,400 m²
- Room stock
- 35
- Hotel rating
- 4
- Floors
- 4
- Price per key
- 428,571 €
Project description
Four-star boutique hotel in the center of Palma de Mallorca.
Description
The four-storey detached building with an area of 2,400 m² includes 35 rooms.
The building is in excellent condition.
High rating according to reviews of tourists.
Equipment
- outdoor pool
- restaurant
- fitness
- spa
- terrace
Extra information
Balcony or terrace
Swimming pool
Tenants
- Agreement
- Yes
- End of lease
- 2030
The building is fully let to the management company.
The lease is valid for 10 years.
Financial performance
- Yield
- 6.0%
The annual income is 900,000 €.
The yield is 6%.
Transaction costs
Brokerage fee is 5%.
Location and nearby infrastructure
The building is located in the historic center of Palma de Mallorca, very close to the main square of the Plaza Mayor and Palma Cathedral. Distance to the airport — 7 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.
More properties
If this ad doesn't suit you, have a look at the other hotels for sale in Majorca (Mallorca).
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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