Hotel in Sotogrande

Acquisition Opportunity: Freehold Building with Hostel License

A unique opportunity to take over a building, with a 22-bed hostel with owner's accommodation, cafeteria and independent additional commercial premises in the basement with own entrance on street level.

The business is ready to be opened and with the season around the corner, the ideal time of the year.

The hostel is brand new with new bedrooms, bathrooms, furniture, decoration, electrical installations, A/C and heating, fire extinguisher system, water tank supplies, key cards, LED lighting and much more.

On the ground floor, there is a spacious reception area, lobby, waiting area, storage area, back office, salon, bar and cafeteria with small kitchen and 7 rooms, including 1 fully fitted for disabled access.

On the first floor, there are 15 additional rooms, one of which is a small self-contained apartment that serves as owner's accommodation.

On the roof top, there is the laundry area, machines area and a spacious open area with potential for expansion as a rooftop terrace, spa or wellness area or meditation and Yoga retreat.

There is also a basement of over 400 sqm, currently not in use but ideal for all types of businesses as it has a separate entrance on street level.

The hostel part of the building has been completely refurbished and is fully licensed to all regulations and norms to date, including all access, energy savings, fire and security norms.

Leasehold Option: 150,000 Euros for fixtures, fittings, furniture, installations, machinery and license with monthly rent of 3,000 Euros.