Hotel in Spain 852 sq.m. No. 151895

Property description

A 3* boutique hotel for sale with operator in the heart of Cadiz, which is visited by over 1.5 million tourists per year.

The property is strategically located in the centre of the city's tourist activity:
one of the best urban beaches in Europe just 150 metres away;in the historic city centre, 750 metres from the main town square and from the Teatro Falla, the main stage of the Cadiz Carnival;a 15-minute walk to the city's key museum (Museo de Cadiz) and the largest park (Parque Genoves);in close proximity to several chain supermarkets (Carrefour and Dia) and to a variety of establishments to suit all tastes and tastes.
The property is leased to a reliable tenant on the following terms:
contract signed: January 2025;
lease term: 15 years;commitment period: 5 years;rent price: 20.855€/month;annual rental price increase according to IPC (Consumer Price Index);yield: 5.5%.
Main features of the hotel:
Gross area: 852m2;5 floors;Number of rooms: 21 fully equipped rooms;Spacious roof terrace with swimming pool and panoramic views of the Atlantic Ocean;Corner location with 31m (18m + 13m) frontage for excellent visibility and accessibility;Completely renovated by the tenant prior to commencement of the lease.