<p><strong>Menorca Bargain Apart-Hotel 150 A </strong><strong>Valued 2017 &euro;27M now &euro;11.5 M , It is distributed in 10 buildings with a total of 150 apartments with an average surface of 25 m2 and private terraces with an average of 10 m2 in Spain.</strong><strong></strong></p>
<p><strong>Apart Hotel</strong> complex on the seafront in Menorca</p>
<p>Property Description</p>
<p>Hotel complex for sale, located on the seafront in Menorca, 3 km from the city of Mahon and 10 km from the airport.</p>
<p>It is currently divided into two parts. In the first one of 4.957 m2, there is a reception, swimming pool area, and a central terrace. The second independent part of 1.682 m2 with its own swimming pool. Both parts are located on the plot of 8.394 m2 and connected by an internal walkway.</p>
<p>It is distributed in 10 buildings with a total of 150 apartments with an average surface of 25 m2 and private terraces with an average of 10 m2.<br /> There are also kitchens, restaurant, cafeteria, large terraces, community lounges, 2 swimming pools for adults and 2 for children.</p>
<p>The complex is for renovation (needs facade washing).<br /> There is an estimated budget of about 2,000,000 euros based on the prepared renovation project.</p>
<p>Valued by TINSA in 2017 for a cost of 27,000,000 euros.</p>
<p>Currently, the activity license is registered as a 3-star Aparthotel with 150 rooms and 367 beds.<br /> After the renovation, the complex can obtain a higher 4-star rating.</p>
<p>We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer</p>