Hotel 2 300 m² in Community of Madrid, Spain

Spain. Madrid Aparthotel in the center of Madrid is an excellent option for tourism! A building with apartments with a tourist license for short-term rental in the historical center of Madrid, in a place with a very large flow of tourists. Average annual occupancy rate: 90% Land area: 479 m2 Building area: 2300 m2 6 floors. The condition is excellent after repair. 33 apartments with furniture, TV, dishes and household appliances 2 commercial premises The building is rented by a hotel operator. The lease was signed in 2016 for 5 years with the reservation of cancellation in favor of the owner. Income from rental in the year: 433 604 € (4.8% per annum) You can extend the contract or terminate and conduct the business on your own.   Price: 9 000 000 €