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SELECTION: For sale, East, Cala Ratjada, Hotel

East - Freehold Hostel

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Sales Price:
Currency convertor € 2,200,000
Rental Price:
Currency convertor € 0
Transaction:
For Sale/For Rent
Business Type:
Hotel
Term:
N/A
Tenure:
Freehold
Area:
East
Reference No.:
b3018a
View:
NA
Location:
Cala Ratjada
Front line:
NA
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Reference No.: b3018a
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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 according to your needs.

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Property Description

The property also benefits from a separate reception, dining / breakfast room, ample terraces and a good sized swimming pool. All included in the price along with the fixtures, fittings and all operational items needed for a turn key business like this. The hostel is in a tranquil zone yet just 200 metres from the centre of town, near to the beach, charming walkways and harbour. This is a thriving resort attracting visitors from all over the world.
The business can open all year round but currently trading seasonally by owner's choice. The property is semi-detached, set on it's own land (approx 800m2) with easy parking surrounding. Ground floor - reception area, a bar / dining room with 50 covers plus various sunny terraces. 1st and 2nd floor comprise of the 20 rooms split over the two floors (8 with balcony 12 with large window and all en-suite with showers) 3rd/Top floor comprises a large private apartment (owner's accommodation) and 3 non-official rooms for overflow. The basement has storerooms, 3 cellars, plus terraces leading to the private hotel pool.
At present the hotel is occupied for the majority by German clientele with many repeat visitors, plus they have an invaluable contract for more than 10 years with TUI (Thomson Holidays). Current occupancy 90%, with average rooms rates between 50/60€ a room a night. Figures available in person to qualified individuals.

Further information on request available to qualified prospects only, providing that all fields of the enquiry form are completed. To obtain more detailed information; signing a confidentiality agreement and providing a proof of funds letter may be required.
Our multilingual staff would be delighted to show you the premises and guide you through every step of the buying process, free of charge for you as a potential buyer.
 

A superb, well kept and beautifully maintained 23 Room 2 Star Hostel & Apartment, trading under same ownership since 1994.

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