Hotel 6 350 m² in Castello Castellon, Spain

DescriptionHotel 3 * on the first line of the sea in Spain, 120 rooms, 6.0 million Euros.The hotel is located on the first line in the province of Castellon.Hotel area: 6.350 sq.m.Plot area 3.900 sq.m.The hotel has 120 rooms located in two 5-story buildings.It was leased for 10 years to the hotel chain with a payment of € 400,000 per year to the owner, which is 6.7% per annum, with a bank guarantee.A mortgage loan € 3.3 million is possible for a period of up to 20 years at 1.9% per annum.Hotel value: 6.0 million €Agency commission 5% is not included in the priceAn excellent investment with a small entrance to the business – € 2.7 million and a high profitability of 6.7% per annum!