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- Hostal / B&B - Cafe bar and Owners accomodation

Sale Price:
€ 56,000
Rent Price:
€ 45,000
Referenz Nummer:
Commercial / Investment
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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: 3208bs
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Well equipped, up and running hotel, with own restaurant (can be separated) plus a fully operational separate bar / café to the main street leading to the marina plus an additional potential basement nightclub. Four in one opportunity which can be run as a whole or sublet with landlord permissions.
The hostel / hotel has six floors and comprises of 24 doubles / 8 individuals most with en-suite bathrooms, nearly all offering balcony with either sea or mountain views There is a large dining room / restaurant, equipped kitchen, large bar, lounge/reception area, basement (previously used as a dance/karaoke area) with separate bar and terracing with views to the sea. Owner’s 1 bed accommodation and an industrial laundry room to the top floor.
This is a previously family run business with the hostal, up until end of summer offering bed and breakfast with the potential to go half board. Tourist clientele is a mixture of English, Spanish & German via direct booking through the internet, word of mouth and passing trade. The other side of the hostal’s business is “workers” accommodation this generates minimum of 350€ per room a month with over half the hotel occupied this way for 6 months of the year.
The hostel with its original build in the late 60’s has been maintained to offer good clean affordable accommodation with un surpassed sea-views and a friendly welcoming feel.
FREEHOLD: 2 million euros.
Well located with access to beaches and marina.
Other Details:
A well positioned ’32 Room Hostel / B&B + Bar and Restaurant’, with sea, mountain and marina views situated within a thriving resort to the north of the island with stunning beaches, bars and restaurants etc.. Popular for a multitude of nationalities with a mix of long term rentals 6-12 months of the year and tourist accommodation week on week.