Wonderful hostal in Torremolinos

Best Hotels Spain.com offers a wonderful hotel / hostel known all over the world and has 95% full booking throughout the year. The property was refurbished only a year ago, with 16 bedrooms and a mixture of types of room, 45 beds in total. Each room has television, air conditioning, heating, and its own modern bathroom. Most have balconies to sit out on and watch the world go by.

Two restaurants are included situated inside and outside by the pool, with coverings for those rare days of rain, and offers a wide choice of food of high quality at reasonable prices. To enable the volume of food a full industrial kitchen has been installed.

In addition the property includes a themed bar with access from the hotel and from the street level for non-residents the bar is based on an old English pub with barrels etc.
The bar has a pool table and a fruit machine; the income from this pays the rent of 2,000 euros a month. When the American Navy comes to Malaga, about 3 times a year, they come to the hostel where their pick up and drop-off point is located the Navy is in Port for three days on each visit and these visits generate tremendous income. The owner also holds the keys for a time-share company, not only does he get paid for it but it also gives the opportunity to introduce the hostel.

The only reason for this reluctant sale is that the owner has just undergone a heart bypass operation and needs to slow down. Many guests come back year after year so the net profit taken out is about 250,000 euros - which means that you can get your money back in only 1.5 years! To prove the business makes money the current owner is willing to arrange for part finance up to 150,000 euros interest free!

Leasehold price : £348,395
Lease years: Long lease contract always renewable without extra cost.
Rent: 2.000 Euros monthly.

Contact: XXXXX@XXXXX.XXX