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Great Investment Freehold Hostel In Palma For Sale

Palma, Mallorca, Spain
Asking Price:
€1,500,000
Sales Revenue:
€1M - €5M
Cash Flow:
€250,000

Great Investment - Hostel In Palma

At Greenpoint Commercial we are pleased to bring this great Investment to the market.

The Hostel offers a fantastic investment opportunity generating a yield of over 15% which is approx €250 K per year

The Hostel has a large number of beds and is well located in Palma and perfect for the traveler on a budget.

Established for years it has a great reputation, opens all year round with an occupancy of over 80%

There are a number of facilities on-site for the guests such a coin-operated washing machines, clothes dryers as well as cooking facilities.

The pictures shown are not of the actual premises, due to the nature of the business the owner would like to keep the sale confidential.

Should you like to know more about this great opportunity do not hesitate to get in contact

Property Information

Real Estate:

Real Property Included

Location:

Palma

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