B&B's

Profitable Boutique Hotel for Sale €850,000 €680,000

Updated

Current Price: €680,000
New Price:
Rate data provided daily by European Central Bank
Beds
8
M2
392
Lot Size
5,102

Romantic boutique hotel for sale 30 min driving from Malaga

 

The hotel is an 1852 grain mill that has been reformed with the most modern construction techniques while using classic material of the era and some original pieces such as: Arab tiles, 150 year old wood beams, natural rocks, antique bricks and handmade clay floors. Modern materials were also used where needed but maintaining the look and feel of the place like window and door made with oak with double glass as well as acoustic and thermal insulation.

 

The hotel has 6 rooms, 2 large rooms, 3 suites (with Jacuzzi for 2) and 1 luxury suite with a Spa (sauna, Turkish bath, double hydro-massage showers) and a grand chimney. All the rooms have A/C cold/hot with bronze faucets, carved wood ceilings and wood/clay flooring.

 

The common areas are comprised by two spacious living rooms with chimneys, a grand dining room, terrace and summer dining room as well as a spacious kitchen totally fitted to handle commercial use and a lobby bar.

The owner’s accommodations are 70m2 and have 2 rooms, 1 bathroom, dining room and a terrace with incredible views, all completely independent from the hotel.

 

The heated pool is 10 x 6 with a Jacuzzi surrounded by luscious gardens filled with citric trees, further down the property there is ample private parking as well as horse and riding stables.

 

The Hotel also comes with 5,102.00m2 of land with automatic irrigation systems already installed and a 30,000 liter water deposit as well as potable water source from the adjacent town.

 

The business is truly famous and considered one of the most romantic hotels of Andalusia which allows him great positioning on Google searched organically, which is verified by their 90% direct booking rate (something almost unheard off) which increases the bottom line, also this is a niche with little to no competition assuring continued success into the future. The hotel was built in the early 2000’s and has been successfully running for 11 years.

 

The Hotel is a relatively easy operation with high reward do to its positioning in the market, achieving great financial success without having to scale, it is truly a great opportunity not only as a business but as an investment as the property (just the real estate, asset) was officially valued by a technical architect for 630,000 in 2016 which is available to verified buyers.

 

The asking price is for 680,000.00 including everything in the Hotel, there is an outstanding mortgage from a big local bank for 173K expiring in 2026.

 

The owner is looking forward to retirement and will listen to offers and work on payment schedules (seller financing), in any case a buyer purchasing in full can expect to earn a very solid income making this a tremendous opportunity for a dream life/work balance.


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BB6697F
Pizarra, Malaga
Spain
Region: Malaga
Sale Type: For Sale
Ref #: BB6697F
Last Updated: Wednesday, 19 September 2018 10:36
Beds
8
Total Units
2
M2
392
Lot Size
5,102
Expected Income
€140,000
Years Established
11
BB6697F
Pizarra, Malaga
Spain
Region: Malaga
Sale Type: For Sale
Ref #: BB6697F
Last Updated: Wednesday, 19 September 2018 10:36

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BB6697F
Pizarra, Malaga
Spain
Region: Malaga
Sale Type: For Sale
Ref #: BB6697F
Last Updated: Wednesday, 19 September 2018 10:36

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