Commercial property for sale in Spain from DECART PROPERTY INVESTMENTS: 2637 sq.m. No. 151959

Commercial property in Spain 2637 sq.m. No. 151959

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ID151959 € 13 833 000

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151959

Property description

A 4* hotel project for sale in the heart of Córdoba, next to the Cathedral Mosque of Córdoba.

Surroundings:
across the road from the Cathedral Mosque of Córdoba, one of the most important tourist sites in the region;the immediate surroundings include the Ronda de Isasa, Plaza Canónigo Torres Molina and the old town, an area of high demand for 3-4* hotels;within 500 metres 4 viewpoints, 6 museums and a flamenco theatre;the Guadalquivir riverfront, which crosses the city from west to east.
The site has exceptional potential due to its location in the historic centre, within walking distance of cultural and gastronomic hotspots that ensure a steady tourist traffic throughout the year.

A preliminary agreement has been signed with an international operator with vast experience in the management of hotels, apartments, coliving and restaurants.

Lease agreement:
Lease duration: 25 years;Binding period: 10 years;Rent value: €830,000/year;Yield: 6%.

There are 2 options to purchase this property:
in the current state of the development project at a price of €8,500,000;
realised turnkey project at a price of €13,833,000.
The project is a future 4* hotel to be built on two adjacent plots with a total plot area of 1,076m² and a total building area of 2,637m². The development comprises 72 rooms, a large lobby area with spiral staircase, two traditional Andalusian patios, a restaurant, an outdoor terrace and ground floor and rooftop swimming pools. Distribution: basement, ground floor and three levels above. The architecture and concept are fully adapted to the segment of a 4* hotel in the historic centre, with a focus on cultural, gastronomic and premium tourist flow.

Additional information:
The operator has portfolios in Madrid, Barcelona, Valencia, Seville, Ibiza, Budapest and Las Palmas de Gran Canaria.Opening is scheduled for 2026.The project is fully licensed for hotel use.The property is located in one of the strongest hotel locations in Andalusia in terms of ADR and RevPAR ratios.
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