Hotel/guest house for sale in Hostel La Esperenza, Villaricos, Almería, Andalusia, Spain

November 2023, Hostel La Esperanza for resale:

The building is ready to transfer as a freehold title, please note that the property has been maintained and updated to be a blank canvas for a new owner of the building. We have included images of the kitchen and restaurant as to show the layout previously whereas some of these items have been removed as they would have required replacement.

This freehold sale comprises of a Restaurant / Bar and Hostel situated within the heart of the vibrant and traditional fishing village of Villaricos. Totalling 265M2 with 63m2 of terraces on this floor area.

La Esperanza was the best located restaurant in the village, overlooking the harbour with its great expansive terrace providing surreal views down the coast to Mojacar.

Combined with a 9 bedroom, 204m2 floor area hostel with separate living accommodation. Benefiting from potential all-year round trade provides a wonderful investment property and business. It has been vacant for a number of years and we have established quotes' for a basic reform which with the reform, shall keep below the fincas independent valuation for the current market.

The separate living accommodation comprises of 91m2,3 bedrooms, 1 family bathroom and a terrace of 11m2.

Overall a serious investment opportunity for 485.000 Euros for a front-line freehold business of 563m2.

As the property was rented for 30 years, we could not provide the previous business trading figures as this is a separate matter, we are selling the freehold of the building however we have sourced some additional information for overheads and rent previously payable with costings to aid an informed decision.