B & B, Guest House, Hostel, Letting Accommodation

Price:

Freehold - €195,000

Seller Ref:

SP6065L

Location:

Andalucia (includes Costa del Sol), Costa del Sol, Marbella

Business Type:

Hotels

See Other:

Bed & breakfasts for sale in Andalucia (includes Costa del Sol)
Hotels for sale in Andalucia (includes Costa del Sol)

Description:

THE BUSINESS:

Asking Price - €195,000 (Leasehold) • 30 Bed Hostel / Guest House • Prime Position in Central Marbella • Self Contained 2 Bedroomed Owners Accommodation • Rarely Available Leasehold Sale • Massive Development Potential Opening Hours - Year Round Main entrance at street level with lounge area and pool table in front of serve-over drinks bar on left hand side. Reception desk and customer seating area towards rear with secure door through to what is currently owners accommodation consisting of 2 bedrooms, small courtyard, bathroom. Shared toilet, laundry store and large kitchen area all also located on ground floor. Stairs opposite bar area up to first floor with 7 double letting rooms, 1 triple room, 2 toilets and 3 bath/shower rooms. Further stairs up to 2nd floor with 6 more double letting rooms and a further triple room, 2 toilets and 2 bath/shower rooms & additional laundry store. Further stairs up to large roof terrace. Businesses such as this usually come to market only on a freehold basis and although this may be an option here, our clients have instructed us to offer it as a leasehold sale. It is therefore more affordable to more buyers and we therefore anticipate an early sale and early viewing is therefore highly recommended. The building dates in part from the 1630´s when it was built by monks for travelling pilgrims. Located in the heart of Marbella old town, it has operated in its present form for over 30 years and previously as a restaurant. Offering low cost accommodation in an upmarket and expensive area, it maintains an average occupancy level in excess of 60% throughout the year. Particularly popular with students and back-packers, 15 letting rooms arranged over 2 floors sleep 30 comfortably. The ground floor includes private owners 2 bedroomed accommodation. A bar area and large kitchen neither of which are currently used on a commercial basis but would offer new owners additional income. There is also a large roof terrace and sunny terrace to the front of the premises which again could be further developed. Its central location - just a couple minutes walk to the large market, 5 minutes from Marbella´s award winning beaches and prestigious marina and surrounded by bars, restaurants and retailers catering for all tastes and pockets - all mean that this hostel is always in demand. Advertising via a number of websites encourages visitors to pre-book as ratings and reviews are all very good. Overall, an excellent opportunity for those looking to enter what is always a popular industry. Viewing is a must for the full potential to be appreciated.