€ 1,950,000
Velez Malaga Commercial for sale
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Ref : 535284AS2351
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11 beds
10 baths
700 m2 built
336 m2 plot size
Pool
Do you fancy a change of lifestyle? Here is a wonderful opportunity to own a hotel with 8 en-suite guest rooms right in the centre of town. All rooms are designed in a simple classic design combined with a chic, contemporary influence and a sensual touch. The rooms are set around a cool and tranquil courtyard where guests take breakfast, relax or just chill out after a day´s sightseeing. The sound of the trickling fountain and open roof create an atmosphere of a bygone era. The hotel has a rooftop exercise swim-spa pool, and a fantastic sunbathing terrace with stunning views of the town, to the castle and the mountains beyond. In addition to guest accommodation there is also a 3 bedroom house with high walled garden. The constructed area is a little over 700m2 on a plot of 336m2. The owners have lovingly and sympathetically restored this 18th century Palace and there is huge potential in the building and the business to create a bigger, more profitable and more diverse operation. The owners strategy for growth include a public restaurant, the restaurant could be created for external rental, distinct from the hotel, this could provide residual value in terms of rental return. The private house has been designed in such a way that it can easily be converted into either 4 more double en-suite rooms with night porter´s accommodation, or 3 more double en-suite rooms and a manager´s or owners flat. There is also the opportunity to convert the 1st floor laundry area and redundant stair case into another smaller bedroom. There are also plans to convert the huge downstairs store area into a spa/treatment room.
After 3 years of trading, the hotel can already make some impressive claims to fame. According to users of www.tripadvisor.com the hotel is now rated as the 2nd best hotel on the Costa Del Sol, the 5th best in Andalucia and the 6th best in Spain and acclaimed as " One of the finest townhouses in the historic old quarter of Velez Malaga" the capital town of the Axarquia.
The property is just a short tram journey to the outstanding beaches of the eastern Costa del Sol, the yacht marina at Caleta de Velez, an established 18 hole golf course and just a 20 minute drive to the rugged pine clad coastline of the Costa Tropical.
The owners would also be interested in a lease situation as follows
10 year lease with 5 year rent review and break clause
25% premium of 475,000 euros
monthly rental of 5,500 euros (existing set-up) or 7,500 for extra 4 rooms.
Please call or email to discuss these options, ADSL, Air Conditioning Hot/Cold, Breakfast Room, Close to all Amenities, Close to schools, Conveniently Situated for Golf, Courtyard, En suite bathroom, Fitted Wardrobes, Fruit Trees, Full of Character, Fully Furnished, Jacuzzi, Marble Floors, Modern Style, Roof Terrace, Satellite TV, Tastefully Decorated, Telephone, Walking Distance to Rest., Walking Distance to Shops, Walking Distance to T. Centre
After 3 years of trading, the hotel can already make some impressive claims to fame. According to users of www.tripadvisor.com the hotel is now rated as the 2nd best hotel on the Costa Del Sol, the 5th best in Andalucia and the 6th best in Spain and acclaimed as " One of the finest townhouses in the historic old quarter of Velez Malaga" the capital town of the Axarquia.
The property is just a short tram journey to the outstanding beaches of the eastern Costa del Sol, the yacht marina at Caleta de Velez, an established 18 hole golf course and just a 20 minute drive to the rugged pine clad coastline of the Costa Tropical.
The owners would also be interested in a lease situation as follows
10 year lease with 5 year rent review and break clause
25% premium of 475,000 euros
monthly rental of 5,500 euros (existing set-up) or 7,500 for extra 4 rooms.
Please call or email to discuss these options, ADSL, Air Conditioning Hot/Cold, Breakfast Room, Close to all Amenities, Close to schools, Conveniently Situated for Golf, Courtyard, En suite bathroom, Fitted Wardrobes, Fruit Trees, Full of Character, Fully Furnished, Jacuzzi, Marble Floors, Modern Style, Roof Terrace, Satellite TV, Tastefully Decorated, Telephone, Walking Distance to Rest., Walking Distance to Shops, Walking Distance to T. Centre
Property featured by Axarquia Properties S L
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