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Hotel 852 m² in Spain, Spain

Spain
$5,16M
$6,060/m²
;
Hotel 852 m² in Spain, Spain
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ID: 3481819
Property ID on Realting
Last update: 01/06/2025

Location

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  • Country
    Spain

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $6,060/m²
  • Total area
    Total area
    852 m²

Description

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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.

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Spain
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Hotel 852 m² in Spain, Spain
Spain
$5,16M
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