- landN/A*
- rooms35
- bedrooms35
- Area1,000 m²
- ConstructionN/A*
- ConditionN/A*
- Floor1
- Parkingyes
- bathrooms35
- Shower roomN/A*
- ExposureN/A*
- HeatingN/A*
- ToiletN/A*
- KitchenN/A*
Property Sant Joan d'Alacant (Spain)by annonceur international
PropertySant Joan d'Alacant (Spain)Price : $2,916,900 ($2,917 / m²)
$2,916,900
($2,917 / m²)
- **Property type:** Hotel.
- **Location:** Alicante.
- **Asking price:** €2,600,000.
- **Total number of rooms:** 35.
- **Single rooms:** 2.
- **Triple rooms:** 6.
- **Double rooms:** 27.
- **Private garage:** Capacity for 6 vehicles.
- **Bar/restaurant:** Commercial premises currently rented out.
- **Monthly rental income from bar/restaurant:** €3,000.
- **Duration of bar/restaurant lease:** 5 years.
- **Current hotel management:** Managed by one of the co-owners, with just under 18 months remaining on the management agreement.
ROOM DISTRIBUTION
The hotel comprises a total of 35 rooms, distributed as follows:
- 2 single rooms.
- 6 triple rooms.
- 27 double rooms.
This configuration allows the establishment to accommodate different types of guests, from individual travellers and couples to families and small groups.
PRIVATE GARAGE
The hotel benefits from an associated garage with capacity for 6 vehicles, providing additional value to the property and greater convenience for guests.
BAR/RESTAURANT WITH EXISTING TENANCY AGREEMENT
The premises designated for use as a bar/restaurant are currently leased, generating rental income of €3,000 per month, equivalent to €36,000 annually.
The lease has a term of five years and includes a provision allowing for its termination in the event of a sale of the property, should the new owner not wish to maintain the tenancy.
This arrangement gives the purchaser the opportunity to consider different options: retaining the existing lease and its associated rental income or exploring the possibility of recovering the premises for their own business operation, always subject to the applicable contractual terms.
CURRENT HOTEL MANAGEMENT ARRANGEMENT
The hotel is currently managed by one of the co-owners under an agreement with just under 18 months remaining.
During this period, the manager pays a reduced monthly rent of €3,500, established by mutual agreement between the co-owners.
The continuation of this management arrangement following completion of the sale will need to be assessed according to the purchaser's interests and the terms of the existing agreement.
SALE PRICE AND TRANSACTION CONDITIONS
**Asking price: €2,600,000.**
Before proceeding with the transaction, it will be advisable to establish the buyer's intentions regarding:
- Whether to maintain or terminate the existing bar/restaurant lease.
- Whether to allow the current hotel management arrangement to continue until the expiry of the agreement or bring it to an end.
- Whether any compensation or settlement arrangements with the tenants or current management may be required, where legally and contractually applicable.
These matters should be reviewed in order to determine the final terms of the sale and, where necessary, any agreements required with the parties involved.
AN INVESTMENT OPPORTUNITY
A hotel investment opportunity in Alicante, comprising 35 guest rooms, a private garage and a commercial unit currently generating rental income.
Its configuration offers scope for different investment strategies, ranging from maintaining the existing contractual arrangements to considering a future restructuring of the hotel's operation, subject to the terms of the transaction and applicable regulations.
Advertiser reference : 121490970Le Figaro Properties reference : 110633547
Its assets
Assets detected by AI
- Sea view
- Garage & Parking
In detail
* : Information not provided by the advertiser
Property Sant Joan d'Alacant (Spain)
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