Home tourist complex, plot 337

Tourist complex, plot 337

Adeje, Tenerife, Spain

EUR 3,800,000

Hotel features: – plot: 32,500 square meters
– Hotel area: 2500 square meters
– 18 apartments
– good furniture and equipment
– large pool
– restaurant
– bar
– tennis court
– Jacuzzi
– parking
– Magical sea view and sea golf course.

PROPERTY DESCRIPTION

We present for sale a cozy, well-located tourist hotel with a building area.
Permission to convert 18 apartment hotels into 28 rooms into 5 * hotels. This apartment is located near the sea, in a respectable golf area, in the south of the island of Tenerife.
The hotel consists of 18 apartments (6 studios and 12 apartments). There is a swimming pool, jacuzzi, restaurant, bar, tennis court, parking. The hotel covers an area of ​​2500 m2.
It is possible to obtain a license to build a 5 * hotel on a plot of land with an area of ​​30,500 m2. The building can have 3 floors, and the building can occupy up to 40% of the area. Thus, you can build a hotel with 500 beds (about 300 rooms). It is estimated that the cost of building such a hotel will be 15 million, and when it is built, it will be about 35 million euros.
According to the latest estimate in 2008, this hotel with a land plot was valued at 6,300,000 euros. The investor can expect from 8-10% of the profit per year from the current business. Today, all apartments are rented through a tour operator, you can also save this cooperation. Do not miss such a great offer with the possibility of business expansion and development!
This hotel with a large area for construction, can rightly be considered one of the best for investment in Tenerife! You can see for yourself to see all this beauty and financial reports of the hotel

Details

Property ID
337