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Spain Yield 7,1% Portfolio 2 hotels Reduced 8,5 M 3 * and 4 * on the Costa del Sol 400 keys , Most recent total renovation: 2006 There are 2 swimming pools on the Costa Del Sol. 33,500,000 € 42,000,000 €
Total area 22,500 m² Property parameters Land area: 20,000 m² Total rooms: 400 Financial performance Annual income: 2,200,000 € Tenants
Property status
Features
Two hotels 3 * and 4 * on the Costa del Sol. Description
· Financial performanceThe annual income is € 2,200,000. The yield is 7.1%. Tenants The buildings are fully leased. The tenant is a reliable hotel chain. The lease was concluded for a period of 10 years. · LocationThe hotels are located by the sea, in the largest city on the Costa del Sol, in the autonomous community of Andalusia. Distance to the airport — 10 km. Andalusia is situated in the south of the Iberian peninsula, in southwestern Europe, immediately south of the autonomous communities of Extremadura and Castilla-La Mancha; west of the autonomous community of Murcia and the Mediterranean Sea; east of Portugal and the Atlantic Ocean; and north of the Mediterranean Sea and the Strait of Gibraltar. Among the autonomous communities, Andalusia is second only to Catalonia in tourism, with nearly 30 million visitors every year. The principal tourist destination in Andalusia is the Costa del Sol. Due in part to the relatively mild winter and spring climate, the south of Spain is attractive to overseas visitors–especially tourists from Northern Europe. Financial Data: 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.
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