Hotel Hostal In Central Palma For Sale

Business description

Comments:
Here is a ready made, up and running business with good returns, which is easy to run and has the possibility of increasing trade. Strongly recommended to any serious buyer.

Current Operation:
This historic building (over 200 years old) is currently open all year providing very clean but basic room only accommodation in this cosmopolitan city centre. The building has four floors with a total of seven double rooms, two twin and two single rooms, most with en suite bathrooms along with communal bathrooms for those without en suite facilities. In addition there is a large studio apartment on the top floor. As well as the guest accommodation, there is a reception room on the mezzanie floor, which includes a desk, chairs, a tumble dryer, two wardrobes, and hot and cold air conditioning. On the first floor there is a lounge/television room with a three seater sofa along with five occasional chairs and a hot and cold water dispenser and television.The décor and furnishings are in the traditional Spanish style, with extensive use of wood and typical Spanish prints and paintings. The ground floor entrance hall has attractive wall painted murals and access to a storeroom and one of the bedrooms. Added storage can be found in the large basement. There is a roof terrace complete with laundry facilities.

Notes:
Here is a ready made, up and running, business with good returns, which is easy to run and has the possibility of increasing trade. Strongly recommended to any serious buyer.

Premises Dimensions:
0

Finance:
Although a sizeable investment initially, records show that an early return on the ammount invested could be achieved. Other outgoings are reasonable for the type of property and location, and as the business is easily managed there is little need for ancillary staff.

Rent:
£2000 per month

Asking Price:
€421200

Property information

Real Estate:

Lease

Location:

Located right in the heart of the city of Palma, a short distance from the large international harbour and surrounded by good shopping areas and restaurants, this business is central to all the major places of interest including the magnificent cathedral in this lively historic city. There is never any shortage of people looking for accommodation in this area.

Contact the seller