On sale Aparthotel in the heart of Valencia's historic centre.
Environment:
- Cathedral of Valencia
- Royal Square
- Central market
- City Hall Square
The location close to almost all of Valencia's main attractions guarantees the aparthotel a high occupancy rate throughout the year. The uniqueness of the property lies in the fact that, being in the very center, the windows of the apartments face a quiet street, which tourists note as an advantage.
The three-story hotel building with a total area of 320m2 consists of 4 apartments and is equipped with an elevator and a courtyard. Tourist licenses are available. There is also a fifth apartment with a separate entrance, which is on long-term lease. The rental price is 500 euros per month. Negotiations are possible to buy this area into ownership. The entrance to the building and each apartment is equipped with digital locks that are controlled remotely. Guest accommodation occurs without physical transfer of keys, the process is automated.
The aparthotel is a liquid property and an active business with a customer base, profiles in Booking, Airbnb, Facebook, Google Maps and other promotion sites. Average monthly revenue is 11,000€/month, resulting in a return of more than 10%.
With a more careful approach to setting the current price for accommodation in apartments, it is possible to increase the annual profitability of the property, for example: In March, Valencia hosts the famous Las Dallas holiday, which attracts tourists from all over the world to the historical part of the city. The average price for an apartment for a family of two adults, 2 children is 800 euros per night on a day off 200 euros per night on a weekday. Thus, the profitability of an apart-hotel in just two weeks of the holiday can be up to 28,000 euros
The 2007 building also affects pricing, as most of the houses in the historic center are in poor condition due to the date of construction.
