€ 43,000
San Pedro Alcantara Commercial for sale
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Ref : 503
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0 beds
2 baths
600 m2 built
leasehold
A well appointed 20 room Hostel of approximately 600m2 with both freehold and rental options, for freehold option and main description please see LJ2494.
This established hostel is due to benefit hugely from the beautification and regeneration program that this popular seaside town is soon to see completed. Popular and sensibly priced hostel with about 80% yearly occupancy, it is currently boosted by year round occupancy of workers who are undertaking this vast project and when this is completed it is expected to create many new jobs in the area and an influx of new businesses and of course visitors to this pleasant bustling town.
The owner of the property is ready to retire and has now considered and is offering the opportunity to rent the property and take over the existing business on a renewable secure rental contract with an option to purchase the freehold outright if required. An attached Bar Restaurant could also be rented at a further 1.000€ per month if required (however we do believe that both the hostal and bar can be both rented for the amount of 6.000€). Please note that the price shown here includes a deposit of 40.000€ held against damage and non payment of rent and returned at the end of the rental contract.
This business is one to seriously consider. In this market there are more clients looking for budget accommodation, this business offers this but with the added bonus that the clients are in a great location and close to the sea front. The accounts on this business are good
This established hostel is due to benefit hugely from the beautification and regeneration program that this popular seaside town is soon to see completed. Popular and sensibly priced hostel with about 80% yearly occupancy, it is currently boosted by year round occupancy of workers who are undertaking this vast project and when this is completed it is expected to create many new jobs in the area and an influx of new businesses and of course visitors to this pleasant bustling town.
The owner of the property is ready to retire and has now considered and is offering the opportunity to rent the property and take over the existing business on a renewable secure rental contract with an option to purchase the freehold outright if required. An attached Bar Restaurant could also be rented at a further 1.000€ per month if required (however we do believe that both the hostal and bar can be both rented for the amount of 6.000€). Please note that the price shown here includes a deposit of 40.000€ held against damage and non payment of rent and returned at the end of the rental contract.
This business is one to seriously consider. In this market there are more clients looking for budget accommodation, this business offers this but with the added bonus that the clients are in a great location and close to the sea front. The accounts on this business are good
