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708316 | Bargain Marbella 40 Keys 2*Hostel Sales Revenue: €

Bargain Marbella 40 Keys 2*Hostel Sales Revenue: €
Type: buy
Price€3.255.000,00
Seller
Quantity: 1
Availability: yes
Location: Marbella, Spain

Bargain Marbella 40 Keys 2*Hostel Sales Revenue: €350,000 Furniture / Fixtures value: €200,000 - included in the asking price in Spain.

 

Sales Revenue:

€350,000

Cash Flow:

€250,000

The hostal was originally a three star hotel which was changed to hostal two star to increase overall attraction to general needs. It was purpose built in 1991 and consists of a corner building on a main avenue with basement and four upper floors - each approx. 450 sq.mtrs.

It consists of 40 rooms with toilet showers except for five which share three wc./showers at roof terrace level. 
Spectacular views from the two upper floors of La Concha and mountain ranges. 
Fully fitted cafeteria on ground floor with hotel and street access of 150 sq. mtrs. 
Lounge bar and big screen tv customer lounge. 50sq.mtrs. 
Directors office. 45 sq.mtrs. 
Very smart reception in different coloured marble with Andalucian Patio immediately behind and hatch access to lounge. 
Two other Andalucian patios to give direct light to all back rooms. 
Front rooms overlooking street and avenue with alternate balconies and windows. 
Marble floors throughout except for rustic tile layout on terrace floor. 
Panoramic terrace with mountain views of approximately 280. sq. mtrs for barbecue events. 
Basement of approx. 300 sq.mtrs. with laundry room suitable for events area. Potential for main avenue direct entrance formula and therefore a valuable asset for future extension investment. Meanwhile the access is through the hotel. 
Hotel entrance and restaurant at ground floor takes over half the facade. Two units sold at time of building and which do not belong to the hotel are essentially of no use to the main function of the hotel as rooms cannot be sold at ground level. Approximate freehold interest 1700 + sq.mtrs built.

Room rates for doubles 50 euros per night and peak season 70 euros per night. 
Annual income with full at peak and 40% throughout year approx. 350,000 euros. 
Overheads for five staff and services 100,000 per annum without cafeteria income. Ideally sized for family running and employment.

 

Real Estate:

Real Property Included

Living Accommodation:

The top floor can be turned into a penthouse apartment with part use of the terrace so as not to deprive the guests of this facility.

Location:

San Pedro Alcantara - Banus, Marbella. Town centre close to Ronda Road.

Premises Details:

Hotel block next to International Sports Centre and therefore handy for events participants.

Planning Consent:

Restaurant needs planning consent but already has the facilities required fitted like emergency door, toilets etc.

Expansion Potential:

Basement can break into adjoining main avenue if small house fronting it can be purchase. This would create a valuable wedding reception and events space or supermarket. 
The hotel could double up as a serviced office centre for professionals or start off entrepreneurs with reception and secretarial facilities.

Competition / Market:

No other hotel this size in San Pedro except for the NH which is much more expensive and offers no competition. All others are smaller in capacity, room size and do not offer the same facilities. We are geared for large groups.

Reasons for selling:

Owner shareholder of hotel chain and wants to retire on dividends.

Years established:

26 years

Furniture / Fixtures value:

€200,000 - included in the asking price


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