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This prime beachfront hotel offers an exceptional investment opportunity in the heart of Santiago de la Ribera, a bustling resort town on the renowned Mar Menor coast Featuring 16 well-appointed en-suite guest rooms, each with lift access and breathtaking sea views, this hotel provides a fantastic base for year-round tourism
On the third floor is a private apartment for the owners
Property Overview:
Ground Floor (17056m²): Welcoming reception area, stylish bar/restaurant, and restroomsFirst Floor (17610m²): 8 en-suite guest bedroomsSecond Floor (17610m²): 8 en-suite guest bedroomsThird Floor (6720m²): Essential laundry, boiler room, and maintenance area + private apartmentFourth Floor: Dedicated covered space for installations and solar panels
Operating Details:
Annual Property Tax: €5,000, which is potentially reduced to €2,500 with available Town Hall assistanceGuest Room Rates:Low season: €55 per nightHigh season: €75 per nightUtilities:Water: Approx €800 per monthElectricity: Approx €1,500 per month
Prime Location:
Santiago de la Ribera is a thriving year-round destination, offering unparalleled access to Murcia International Airport (25 mins) and Alicante Airport (1 hour), with major motorways just 5 minutes away This hotel's enviable location not only maximizes tourism potential but also provides easy accessibility for visitors from around the world
Investment Potential:
Currently rated 2 stars, the hotel boasts a unique opportunity for growth and upgrades Whether you're looking to expand amenities, enhance service offerings, or elevate the brand, this property offers remarkable potential To truly appreciate this investment, viewing is essential
This rare beachfront opportunity awaits the visionary investor ready to realize its full potential
Property Features
- 18 bedrooms
- 19 bathrooms
- 770m² Build size
- Air conditioning
- Laundry Room
- Electricity
- Furnished
- Heating
- Laundry room
- Lift
- Solarium
- Storage Room
- White goods
Costing Breakdown
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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Mortgage Result
* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.