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- Charming Hotel Complex for Sale in Mallorca

Sale Price:
€ 3,300,000
Referenz Nummer:
3551abs
Immobilientyp:
Commercial / Investment
Transaktion:
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Hypothekenrechner

For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures as you wish.

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Referenz Nummer: 3551abs
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Details:
To give you an idea about the location, this is right next door to a 4 star Thompson Gold hotel which is open for 10 months of the year. Originally built in 1975 this hotel has been lovingly cared for and reformed over the years and offers basic, comfortable accommodation with en suite bathrooms that would rival any 3 star hotel! Rooms are laid out over 3 floors with balconies and are charged from around 15 to 30 Euros per night per person. There is an appealing swimming pool and sun lounge area in a courtyard, a great place to enjoy the sun and cool off with a dip. The hotel is currently opening from May through to October.
On the ground floor is a nice reception area, large dining room with food display units and a fully equipped industrial kitchen. There is also a large bar and lounge area with tables and chairs on the sunny street terrace for attracting passersby. On the sea front side of the complex is a large, traditional restaurant with terrace directly overlooking the sea.
To the side of the restaurant is the block of 18 studio apartments / rooms which is pretty much completed but needs investment to obtain the paper work and permits to trade from the Government.
Set up and run as a family business for many years with the family now heading in different directions hence the reason for sale.
The hotel is offered for sale in the strictest confidence and all applications will have to be vetted before any further information will be given.
Comment: An absolute bargain, ripe for a little development and investment to taking this hotel to the next level.
 
Other Details:
We are pleased to offer for sale this phenomenal value for money 68 room hotel located on the east coast of Mallorca in a charming and every popular holiday resort. This is so much more than a hotel, included in the sale there is a large, main street café, a sea front 200 seater restaurant, 2 bedroom owners apartment with front line sea views and to top it off a block of 18 en suite room accommodation to be completed.