4 Star Rural Hotel - Immaculate! For Sale

Business description

A most amazing lease opportunity on a beautiful 'Country Hotel / Finca' comprising 10 - bedrooms / suites, 18,000m2 of Farm Land, Gardens, Swimming Pool, Barbecue / bar areas etc. The property is an original Majorcan farmhouse / finca, skillfully converted to a 4 star Rural hotel with all permissions and licenses in place. The hotel offers all the modern facilities and comforts but retaining true Majorcan charm with the stone clad walls and high ceilings. Surrounded by open countryside with wonderful walks, also the nearest hotel to the golden sandy beaches of Estrenc (award winning beach) and yet just 40 km's from Palma city. The quality of the décor, furnishings and installations cannot be faulted with the hotel being featured and recommended by many of Europe's top end tour operators & travel agents. Each suite has its own lounge / kitchen area, bedroom & bathroom, double glazing, TV, air-conditioning (hot and cold) with varying rooms with terraces, balconies or gardens. With two parts to the hotel (main house and annex) The main house has various reception & common areas inside plus the six letting suites and a breakfast / dining room. Wonderful Mediterranean style gardens & patios, a large swimming pool, and with various fruit trees and vegetation to the surrounds. To basement is a suitable space to offer a gymnasium, kids club etc. Within the annex building are four super deluxe suites, with own private gardens and larger rooms, these can be offered as family rooms. As independent of the house, it would be possible to offer winter lets with little or no effort for the owners. Room rates average 150€ per night (plus extras) all year round. Even allowing a conservative 50% occupancy level, gross takings on the rooms only would still amount to approx 275,000€ pa with an expected net profit (after rent payment & operating expenses) of around 50%. NOTE: Price includes Security deposit of 60,000€ refundabe on resale.

Property information

Real Estate:

Lease

Lease terms:

15 Yrs Renewable