Hostel in Altea

Vendor code: DN0103987
€1,500,000
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  • Description

    Sale ready business – friendly hostel in the heart of the city of Altea (Alicante) on the 2nd line from the sea. The facility is located in a detached 5-storey building (year of construction - 1978) designed with 27 rooms (9 rooms on each floor), and also includes a reception area, restaurant, kitchen, Seating area and 4-bedroom apartments with a separate entrance on the lower level it is possible to equip a sports hall. Total object area is 1025 m2, living area of 595 m2, ceiling height – 2.5 m area of the land plot under the building is 232 m2.

    Best location: within walking distance - a huge number of shops, cafes and restaurants, pharmacy, city market with fresh produce, public transport – 3 minutes, the beach – 3 minutes, old town – 5 min. Readiness of object for operation is 50%. We are working on redecoration of the interior and replacement of communications to enter the facility. The estimated completion date is 1 April 2019.

    The value of the business in its current state – € 150,000.

    The value of the business at the time of commissioning – 300 000 euros.

    Monthly rent – 8000 euros.

    The delay in the payment of rent to the completion of 3 months from the date of conclusion of the agreement (until April 1, 2019).

    After signing the contract we can provide a team of workers carrying out renovation work at the present time (efficiently and quickly), and also to assist in obtaining a license to run the facility(50%the cost of services of the architect are paid by our side).

    See more objects in our catalog: 1. Business related - Business property for sale in Spain from a Agency RozenGold Real Estate. 2. Hotels - Business in Spain, hotel sales from Rozengold Real Estate.

  • Features
    Location
    RegionAlicante
    CityAltea
    DistrictAltea
    Property description
    Type of real estateCommercial properties
    Type of commercial propertyHotel
    Square feet595 sq m
    Additional data
    Year of construction1978
    Plot size1025 sq m
    Selling