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Riad-Style Boutique Hotel in Historic Town near Malaga €1,375,000


Current Price: €1,375,000
New Price:
Rate data provided daily by European Central Bank
Beds
11
Reception
yes
M2
740
Year Built
1800

Ranked Top 10 Boutique Hotel for sale near Malaga

Built to a riad-style (Moroccan palace with interior garden/patio) honoring its 18th century Moorish palace origins (the hotel is actually registered as a monumental building) this wonderful boutique hotel offers a great lifestyle business opportunity with a dream construction, located in the city’s historical center, 9 rooms for guests, private owners accommodation, fully licensed with great trade and room for improvement.

The hotel has 8 double rooms, 1 family room (2 + 2) and owner’s accommodation spread over 3 floors set around the courtyard, all the rooms have plenty of space and offer sumptuous bathrooms and highly luxurious decoration. The hotel also has a fantastic rooftop swim spa-pool, sunbathing area and bar with views of all the town, its castle & mountains. The hotel has a constructed area of approximately 740m2 with a ground area of 350m2.

While originally built on the 18th century, in 2012 the hotel underwent a complete transformation (refurbishment, renovation, paint & décor) to current day standing which mainly attracts guests interested in exploring Andalusia, going to both the beach and mountains as well as playing golf and enjoying the Mediterranean cuisine. Lately the hotel has become really popular for special events such as business meetings as well as weddings since it’s centrally located in the historic quarter of town (the luxurious option of the 3 available) making it the go to hotel.

As a business its managed in a relaxed manner since while holding full licenses for a restaurant and shop the hotel only offers a continental breakfast, opens for 9 months with a long-time manager taking care of the business for the owners while they spend time back home with family and loved ones.

An important point to make is that the hotel operates as an SL (Limited Liability Company) so the shares are for sale since the company owns everything (the land/plot, building, inventory, website, car and art among other things) which results in reduced tax implications (no property taxes which range typically between 7-9%) although the sale can be asset based, whatever is best for the buyer.

The owner’s accommodations are on the ground floor and has a kitchen, living room with access to a private patio/garden, 2 full bathrooms, master bedroom and a smaller space used as an office, all very secluded and private.

Local attractions include The Caves at Nerja and at Rincon de la Victoria, Picasso Museum, Water Park, Velez-Malaga Gibalfaro castle, Alcazaba Palace, Baños Arabes - arabic baths, Flamenco Dancing, Teatro del Carmen - regional theatre in Velez-Malaga, Guided Cultural Tours of Malaga and Velez-Malaga, Tivoli World amusement park, Dolphin watching, Go-Karting, and Golf with 8 courses nearby.

Further confidential information such as financials, plans, KPIs, etc. will be discussed after an NDA (non-disclosure agreement) has been signed to protect the owner’s confidentiality.

Viewing Arrangements

Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain.

Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.


General Amenities
Interior Amenities
Exterior Amenities
Security Amenities
Landscape Amenities
Address Hidden
Velez-Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6755F
Beds
11
M2
740
Type of Purchase
Freehold
Interior Size(m2)
740
Reception
yes
Year Built
1800
Years Established
10
Address Hidden
Velez-Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6755F

Please complete the form below to find more information about this property. In doing so you give specific consent to us viewing your information. We are committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website, then you can be assured that it will only be used in accordance with our Privacy Policy

Non-Circumvention and Non-Disclosure Agreement

Between the following Parties:

Business Broker Spain SL (CIF: B54646153) and trading as Business Broker Spain and with registered Head Office: 10 Calle Arquitecto Urteaga 03730 Javea, (Alicante). Spain (hereafter ‘the agent’);

1.The Discloser intends to disclose information (the Confidential Information) to the Recipient for the purpose of purchasing any business introduced to you through by Business Broker Spain.

2.The Recipient undertakes not to use the Confidential Information for any purpose except the Purpose, without first obtaining the written agreement of the Discloser.

3.The Recipient undertakes to keep the Confidential Information secure and not to disclose it to any third party except to professional advisers who need to know the same for the Purpose, who know they owe a duty of confidence to the Discloser and who are bound by obligations equivalent to those in clause 2 above and this clause 3.

4.The undertakings in clauses 2 and 3 above apply to all of the information disclosed by the Discloser to the Recipient, regardless of the way or form in which it is disclosed or recorded but they do not apply to:

a )Any information which is or in future comes into the public domain (unless as a result of the breach of this Agreement); or

b) Any information which is already known to the Recipient and which was not subject to any obligation of confidence before it was disclosed to the Recipient by the Discloser.

5.Nothing in this Agreement will prevent the Recipient from making any disclosure of the Confidential Information required by law or by any competent authority.

6.The Recipient will, on request from the Discloser, return all copies and records of the Confidential Information to the Discloser and will not retain any copies or records of the Confidential Information.

7.Neither this Agreement nor the supply of any information grants the Recipient any licence, interest or right in respect of any intellectual property rights of the Discloser except the right to copy the Confidential Information solely for the Purpose.

8.The undertakings in clauses 2 and 3 will continue in force for 2 years from the date of this Agreement.

9.This Agreement is governed by, and is to be construed in accordance with, Spanish law. The Spanish Courts will have non-exclusive jurisdiction to deal with any dispute which has arisen or may arise out of, or in connection with, this Agreement.

 
Address Hidden
Velez-Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6755F

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