45 Bedroom Hostel Available Leasehold in Fuengirola For Sale

Business description

This 45 bedroom Hostel is located within a minutes walk to both bus and rail stations and was established over 60 years ago. The build size of 900m2 is over 5 floors comprising of 28 double rooms, 6 matrimonial, 4 quadruple, 6 triple plus a further room currently used as staff room. All rooms are en-suite and some are air-conditioned. This easily run hostel operates under British ownership employing 4 staff plus 4 cleaners. There is a good sized bar with open fireplace, pool table and a south facing terrace. The present tenant has carried out a part refurbishment covering 3 of the floors. Operating profitably with prices ranging from 38 euros for a double room per night in low season up to 63 euros in the high season and ranging from 62 euros to 103 euros for a family room. The business attracts customers from all over the world and has a good website with on-line booking facilities, particularly popular with golfers with over 50 golf courses within easy reach. The Hostel is purchased leasehold on a 15 year renewable lease, monthly rent currently at 7.300 euros.

Property information

Real Estate:

Lease

Location:

Centrally located.

Other information

Support & training:

Full instruction is offered by the sellers. Staff available.

Financing available:

NOT AGAINST A LEASEHOLD PURCHASE.

Related documents:

• DISCOUNT VOUCHER

Contact the seller