VILLAGE HOTEL FOR SALE: Alicante, Spain
- Price:Was 1,000,000.00€
- Property Type:Commercial
- Gross Floor Area:600.00m²
- Total Build:2,500m²
- Status:For Sale
- Listing Type:Resale
Very Good Investment
The unoccupied at present Hotel is located in a small seaside village near Guardarma, Alicante and consists of Bar, restaurant, 24 rooms, a restaurant, an elevator. 4 floors, (each floor has 6 rooms), terrace, basement (154.70 sq. m.). Two entrances.
In the basement (useful area 110 sq. M.) Cellar, water tank, pumping equipment.
On the ground floor there is a reception, a hall, a restaurant, a kitchen, two toilets for clients, a service room, a lobby, cold rooms.
The building was built about 30 years ago.
Different theme nights could be hosted in the restaurant twice a week as the village lacks this extra potential earner.
Alternatively, as there are no care homes in the village or nearby and something that is lacking and needed desperately, perhaps this property could be transformed into this kind of service without much alteration involved but which could result into a thriving business.
One can invest solely in the property and run it oneself or, there is actually a couple ready to manage the place or take a rental contract on it giving one an immediate income. The price for the hotel is over the magic investment figure of 500,000€, and this enables all persons outside of Europe wishing to invest in Spain to get a free residency card for oneself and your family and also a work permit.
Also, on top of the building, there is an antenna system which is rented by a local company and which gives we believe a yearly income of something like 10,000€. This would be a useful start to the new venture, thus making this opportunity a very interesting and profitable enterprise. The property is in need of some LTC.
Price is subject to our fees of 5.0% net of VAT added to the final agreed purchase price and payable by the buyer.
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Please contact us for more information and viewing.
Tel: UK: +44 1494 814444 / SP: +34 680137429