Hotel 2 113 m² in Spain, Spain

Spain Costa Brava Apart Hotel in Pineda de Mar Apart-hotel on the third line from the beach in the popular tourist town of Pineda de Mar. Year of construction of the building: 1991 Total building area 2113.17m2 48 apartments 35-45m2: 3-room, 2-room, studios; customer registration desk; 2 elevators; parking for 23 cars; small garden. All apartments with standard finishes. There is a tourist license for daily rental. Each apartment is registered as a separate living area in the Real Estate Cadastre, which allows in the future to sell each apartment as a separate housing. Currently, real estate and business belongs to the Joint Stock Company ( 1990 ). There is a valid contract with a hotel operator for the rental of apartments, which can be canceled within 6 months.   Price: 2 400 000 € + 5% commission of the agency. It is possible to buy an adjacent 300m2 plot for the construction of a pool or other hotel infrastructure. Estimated price of the plot 80 000 € Investment attractiveness of the object: 1. purchase of the facility for the subsequent sale of each apartment and parking spaces separately with a net profit of 25-30% of the sale of apartments and 10.54% from the sale of parking spaces ( for 1 year ); 2. the sale of apartments and parking spaces for long-term rental ( gross income 10.22% / year ); 3. daily rental ( tourist rental ) with gross income of 15.74% / year, daily rental calculations were made taking into account rental only for 3 summer months, although the Pineda de Mar rental season is longer and starts long before June 1.