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Cala Millor - Popular and Long-Established 2-star Hostel For Sale in Thriving Resort

Sale Price:
€ 3,045,000
Referenz Nummer:
Cala Millor
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.

Darlehensbetrag(ohne Komma):
Monatliche Zahlungen:

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Referenz Nummer: 3635a
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To one side of the reception area is a large bar and restaurant / cafeteria. To the rear of this is a well-equipped kitchen with full extraction, stainless steel preparation areas and sink and, off this, a storeroom. There is extensive underground storage running along the width of the building and accessed from the rear of the premises.
On the other side of the Reception is an area which could be used as a leisure area for children and young people, a games room or a retail unit. Off this, there is a Manager’s apartment with bedroom, bathroom, kitchen, lounge and large ‘reception’/dining area.
Running the whole width of the building is a covered terrace, which can open out to the street to catch passing trade.
Centrally positioned in a busy pedestrian area and a few metres away from the beach, this hostal is easily accessible to public transport, taxis etc and is surrounded by shops, restaurants, bars and leisure facilities.
The clientele are mainly German, Russian and Scandinavian, although there is also a large British tourist trade in this resort.
Hostals in this position are hard to find and this offers the seasoned hotelier an excellent opportunity to invest in a thriving holiday destination.
Other Details:
This 2-star hostal enjoys an enviable position just a few steps away from one of the most beautiful and biggest beaches in Mallorca. Built in 1973, this hostal has 77 rooms over 4 floors, comprising double, twin and single rooms and family suites, all with ensuite facilities and a terrace or balcony and can accommodate over 150 guests. There is a penthouse bedroom suite with a wrap-round terrace, giving 360 degrees of views over the countryside, town and sea.

About East

 The  East Coast of Mallorca ranges among the areas most developed for tourism in Mallorca with holiday resorts like Cala Millor and Porto Cristo. The resorts and beaches guarantee holiday fun and entertainment at its best. Fine sandy beaches with a clear crystal water, a wide choice of leisure time activities and the yacht harbours attract many visitors of the island every year. Off the coast life is quiet and relaxed though and has kept its authentic charm. The scenery is hilly and beautiful, with all shades of green providing the ideal surroundings for charming country hotels and typical country houses, usually with big plots of land.

Those looking for property, be it apartments or chalets at the coast or villas and country houses in the countryside, will find a fine selection of properties here with good value for money.