Hotel for sale in Velez-Malaga

Property ID: R4686439

€990,000

1,360 €/m²

728

m²

beds

baths

m² terrace

394

m² plot

Fantastic boutique hotel within walking distance of the lively center of Velez-Malaga. As is often the case in Andalusian cities, you cannot see the wealth and beauty behind the front door from the street. In this case, you will also be amazed upon entering the property through the large antique wooden doors. From the entrance hall, you step into the impressive courtyard, the focal point of the property. On the ground floor, there is the breakfast room with a bar, two guest rooms, guest toilets, and the entrance to the second patio, which can also be used privately thanks to access from the manager's residence. The manager's residence has a large open kitchen/living room, one bedroom with an ensuite bathroom, and an additional guest toilet (with shower). On the first and second floors, you will find the other 7 guest rooms (so 9 in total), including a family room with two sleeping areas. The other 8 rooms all have ensuite bathrooms, air conditioning, and tasteful furnishings. On the rooftop terrace, there is a pool/large jacuzzi and several lounge beds. The business is currently open 8-9 months a year and generates a good turnover. With some marketing efforts, much more can be achieved. Ideal location for a couple to manage and enjoy the pleasures of Spanish life. Opportunity to take over bookings and booking pages. The occupancy is good but with the right efforts, it could be much higher. Occupancy 2023: 55%, 1200 nights, average price around € 100,- (open 8/9 months). Before Covid: 1700 nights on average.

Features

Climate control

Air Conditioning
Hot A/C
Cold A/C

Condition

Excellent
Recently Renovated

Features

Private Terrace
Solarium
Guest Apartment
Guest House
Storage Room
Utility Room
Marble Flooring
Jacuzzi
Bar
Staff Accommodation

Furniture

Fully Furnished

Garden

Private

Kitchen

Fully Fitted

Orientation

South East

Parking

Street

Pool

Private

Security

Entry Phone

Setting

Village
Close To Shops
Close To Sea
Close To Schools

Utilities

Electricity
Drinkable Water

Views

Street

Located in

Affordability

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Price

€

Down payment

€

Interest

Loan type

Your est. monthly payment

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Purchase expenses

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