4 * Boutique Hotel in Mallorca, 15 million Euro, 7% profitability!
- The hotel is in the heart of Palma de Mallorca, 200 meters from the city’s cathedral.
- The area of the hotel is 2400 sq. meters, detached building, 4 floors.
- 35 rooms, a restaurant, a gym, a spa area.
- Leased by a management company with payment of 1.05 million euros per year to the owner for a period of 10 years.
- Price: 15.0 million euros + 5% agency commission
- Bank financing is possible for 60% of the price at 1.9% per annum.
An excellent investment in a highly profitable business with 7% per annum guaranteed by the tenant’s bank!