22 Bed Commercial Property For Sale

Arroyo de la Miel
REF: R4101214 €880,000
22 Bed | 24 Bath | 1600 sq m
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Location: Arroyo de la Miel, Spain
Spectacular hostel project in the center of Arroyo de la Miel, in Benalmádena.

"Highly profitable investment, greater than 10%, following the project we have created.
This hostel is aimed at clients looking for a modern, elegant room with many facilities at a competitive price. The main client will be vacation tourists, both national and foreign, however, due to the location of the hostel, it could be used for for other types of business.

Being very conservative and using data with very low prices and with an annual occupancy of 50%, the annual return is 13.50%. With more realistic data, we would use an annual occupancy of 70% and the annual return in this case greater than 20%.

According to INE statistics, the number of tourists who choose Benalmadena as a tourist destination is increasing. Arroyo de la Miel is an area in demand by visitors due to its central location, proximity to all services such as public transport, restaurants, proximity to beaches, etc. The hostels that exist today in Arroyo de la Miel are quite old. The market needs a new hostel with a modern air, with a simple and elegant design to satisfy the demand of the medium-high client who travels in family in search of accommodation similar to a four-star hotel at the price of a hostel.

The hotel sector in Benalmádena registered the highest occupancy rate in Andalusia in the first fortnight of June, with 89.76%, ahead of other tourist towns in the autonomous community such as Chiclana (87.85%) or Torremolinos (86%).

We offer several purchase options:

- 890.000€ with the project unfinished, in the current state.
- 1.390. 000€ with the finished project and with the work completed in 6 months.

If you need more information, don´t hesitate to contact us!"
Ref
R4101214
Price
€880,000
Status
For Sale
Property Type
Commercial Property
Beds
22
Baths
24
Internal area
1600 sq m
Features
Setting: Commercial Area / Village / Close To Shops / Close To Sea
Orientation: South
Climate Control: Air Conditioning / Pre Installed A/C / Central Heating
Views: Sea / Mountain
Lift
Guest Apartment
Access for people with reduced mobility
Domotics
Parking: Garage
Category: Investment

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