Hotel For Sale

Business description

Asking Price: €6,300,000 Freehold

• 2 Star Property With 29 Letting Rooms
• Rental Income From Shop and Office Units of €58,800 pa
• Excellent Parking Nearby
• Very Popular Area
• Potential to Develop 14 additional Rooms
• Village Centre Close to Beach and Marina
• Courtyard Garden
• Fantastic Development Potential

A long established village centre hotel with 29 en suite rooms, but having scope to develop to 43 in total. Adjacent shop and office units along with a rooftop mobile telephone mast produce a combined monthly rent of €4,900. There is in addition a spacious 2 bed owners apartment and a large breakfast room with clear restaurant potential.

Located within a very popular coastal village on the northern Costa Blanca and only a short stroll from a blue flag sandy beach, the hotel presently comprises of 29 double or twin en-suite rooms but has ample scope within the present footprint of the building to create a further 14 rooms. By extending 2 of the upper floors in line with adjacent buildings.

In addition to the principal areas of the hotel, there is an adjacent shop which is let on a rolling 1 year lease at a monthly rent of €2,600 and a further office suite leased to an institutional tenant at €800 per month. Further income is derived from the rental of a cellular telephone mast at a monthly rent of €1,500.

The spacious owners accommodation comprises of 2 bedrooms along with lounge, kitchen and bathroom.

Further accommodation within the property comprises a large breakfast room which could easily trade as a restaurant, leading off this is a sunny terraced garden courtyard.

Viewing Arrangements

Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor’s agents RTA.

RTA will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.

Contact the seller