Hostel Marbella with Six Year Finance!
We offer a recently reformed and decorated twenty bedroom Hostel with two superb roof terraces plus and attached, unused shop premises with access from the reception and ready to convert to a breakfast room.
Also includes a 150mt2 empty property with impressive entrance ready to refurbish to a three bedroom luxury apartment. The anticipated cost to reform 90,000 Euros but the finished value in the region of 250000!
Located in the Old Quarter of Marbella and only a three minutes’ walk from Orange Square and the same distance from the Marbella Beach and Puerto Marina.
Sixteen bedrooms have bathrooms en-suite the other four have community bathrooms on the same floor level.
The property has three levels plus a two-level garden terrace on top with city and sea views.
The business is in full operation and busy though catering for the short stay tourist trade.
In excellent decorative condition and would convert to a beautiful Boutique Hotel with luxury owners apartment alongside with its own private entrances front and back.
We offer this excellent opportunity with all legal licenses in order at 1.250.000 Euros FH.
Terms: 500000 Euros Deposit.
Balance over six years at 3000 Euros monthly.
In effect, the Hotel will pay for itself!