Hotel 852 m² in Spain, Spain

On sale boutique hotel 3* with an operator in the heart of Cadiz, which annually visits more than 1.5 million tourists.

The property has a strategic location in the center of tourist activity of the city:

• One of the best city beaches in Europe only 150 meters away.
• in the historic city center 750 meters from the main city square and from the Theatre of Falla - the main stage of the Carnival of Cadiz;
• 15 minutes walk to the key museum of the city (Museo de Cadiz) and from the largest park (Parque Genoves);
• in close proximity to several chain supermarkets (Carrefour and Dia) and many establishments for every taste and wallet.

The property is leased to a reliable tenant under the following conditions:

• Agreement signed: January 2025;
• duration of the lease: 15 years;
• period of mandatory execution: 5 years;
• Rental cost: 20.855 EUR / month;
• annual increase in rental costs in accordance with IPC (Consumer Price Index);
• yield: 5.5%.

The main characteristics of the hotel:

• Total area: 852m2;
• 5 floors;
• Room pool: 21 fully equipped rooms;
• spacious roof terrace with swimming pool and panoramic views of the Atlantic Ocean;
• angular location with a facade of 31 m (18 m + 13 m), providing excellent visibility and accessibility;
• Completely renovated by the tenant before the start of the lease.