Spain
Madrid
Apart-hotel in the center of Madrid
An apartment hotel with an excellent location in the center of Madrid:
a large flow of tourists, a huge demand for apartment rentals.
Average occupancy rate: 90%
Land area: 479m2
Building area: 2300m2
6 floors
Fully equipped 33 apartments for daily rent.
There is a tourist license.
2 commercial premises.
The building is in excellent condition, renovated.
Managed by the operator who pays the rent of the building.
The lease agreement was concluded in 2016 for a period of 5 years with a cancellation clause
in favor of the owner.
Rental income: 433,604€ (5% per annum)
With self-management, income will increase significantly.
Price: 8 700 000 +3,5 % agency commission
