Hotel 2 500 m² in Valencian Community, Spain

Spain
Archive cost €15,00M
Sold or out of date
Updated at: 10/09/2021

Location

Country: Spain
State: Valencian Community

Property parameters

Total area: 2 500 m²

Description

DescriptionUnique offer: On sale the new 4 * Boutique Hotel with 57 rooms in the central square in Valencia – 15 million Euro, 5% profitability.The hotel is currently under construction. The deadline for the construction and commissioning of the hotel with the leasing of the hotel network is 18 months.The termination date and commissioning of the hotel are set at the end of August this year.Before commissioning, the Buyer pays as a reserve and the first payment 1 million Euro with the signing of the sale contract, with the deposit of this amount in the notary’s account and receiving 5% per annum from the seller for the reserve of this amount.A hotel lease contract has been signed for a period of 30 years, with 15 years of compulsory execution.The rent is 712.500 Euros per year, plus annual growth of 0.5% and indexation of inflation at the end of the year.The purchase and registration of the hotel with the remaining payment of € 14.0 million is made after the launch of the hotel and the receipt of the first monthly payment from the tenant.The hotel consists of 57 rooms and has an area of ​​2.500 sq. M.The price includes full hotel facilities, equipment, and furniture.Bank finance is also possible for 9.0 million euros at 1.9% per annum for up to 20 years.Price: € 15 millionThe price does not include 5% Agency services, Payment of notarial services.The advantage of this investment is in a very convenient form of payment and in the further growth of the cost of the new building, located on the central square of Valencia, the third largest and most significant in Spain, with the profitability of 5% per annum!

Features

  • Alarm system
  • Garage
  • Parking
  • Garden
  • Fireplace
  • Sauna
  • Yes
  • Terrace
  • Storage Room
  • Barbeque
  • Mountain view
  • Sea view
  • Air conditioner
  • Swimming pool
  • Equipped kitchen
  • SPA
  • Restaurant
  • Conference hall
  • Concierge
  • Gated community
  • bar
  • Games room
  • Gym
  • Panoramic view
  • Laundry

Location

Spain