Property Detail

Hotel 3* on the Costa del Sol for Sale with 180+ Rooms, 15 Year NNN Lease Agreement

Hotel 3* on the Costa del Sol for Sale with 180+ Rooms, 15 Year NNN Lease Agreement

Property type: hotel
Purchase of established rental business

Hotel category: 3*

Room capacity: 180+

Location: Costa del Sol, Province of Malaga, Spain

• first sea line of the Mediterranean coast of Costa del Sol
• excellent transport accessibility – just 10 minutes’ drive of the international airport

Hotel operator is a well-known hotel chain

Hotel operator: 15-year NNN-lease agreement

• with the possibility of a renewal option
• with indexation of yield linked to inflation
• with a bank guarantee

Triple net lease (NNN lease): tenant (Hotel operator) is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Purchase price: 22,000,000 EUR

(+ closing costs)

Rental Income: 1,320,000 EUR per annum

(+ index linked to inflation)

Yield: 6.0% per annum

Amenities and other defining features:

• modern guest rooms with personal bathroom, balcony, air conditioning
• restaurant, bars
• swimming pools
• fitness centre
• SPA centre
• sun terrace
• car parking facilities
• free Wi-Fi
• 24-hour front desk
• luggage storage
• daily cleaning service
• laundry service

Property Contact

If you are interested in this property and would like to receive more detailed information, please get in touch using the enquiry form below and a company representative will contact you shortly.

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http://www.brantstone.com/property/hotel-for-sale-on-costa-del-sol-spain-07013677 07013677 Hotel 3* on the Costa del Sol for Sale with 180+ Rooms, 15 Year NNN Lease Agreement