Description
We present for sale a cozy, well situated tourist hotel with a territory for the construction. Permision to build of a 5 * hotel. This property is located not far away from the sea, in a respectable golf area, in the south of the island of Tenerife.
The hotel consists of 18 apartments (6 studios and 12 apartments). There is a pool, a jacuzzi, restaurant, a bar, a tennis court, a parking on the territory. The hotel occupies an area of 2.500 m2. There is also a license for the construction of a 5 * hotel on a plot of 27.500 m2. The building can have 3 floors, and the building can occupy up to 40% of the area. Thus, you can build a hotel for 500 beds (about 300 rooms). According to an approximate estimate, the cost of such a hotel in this area will be 15,000,000 euro.
The price of this property is 3 100 000 euro and not negotiable. According to the latest assessment in 2008, this hotel with a land plot was estimated at 6.300.000 euro. An investor can expect from 8-10% of profit per year already from the current business. Today all apartments are rented through the tour operator, you can also save this cooperation. Do not miss such a profitable offer with the possibility of expanding your business and development!
Hotel Features:
– plot: 27.500 square meters
– territory of the hotel: 2,500 square meters
– 18 apartments
– good furniture and equipment
– large swimming pool
– a restaurant
– bar
– tennis court
– Jacuzzi
– parking
– charming views of the sea and the golf course.
This hotel with a large territory for construction, can rightly be considered one of the best for investment in Tenerife! You can see for yourself just to see all this beauty and the financial statements of the hotel’s operations.