Commercial property on Costa Brava, Spain, 660 m²

Residential building for sale in the center of Lloret de Mar with a reconstruction project on the Costa Brava. It is located in the heart of the city, where hundreds of thousands of tourists from different countries of the world pass every year. The facade is 8 meters. The total area of 660 sq.m. Built in 4 floors. On the ground floor there is a restaurant with a long history, for rent for 2000 euros per month. There are 6 apartments in the building, which are also rented out (all contracts are short-term, so that new owners will not have problems when selling). Gas heating is provided. There is a basic project for the reconstruction of the building and reconstruction into a Boutique hotel with 14 rooms. The duration of the work is 6 months. The launch of the hotel is 2 months. The required number of investments is 500,000 euros. The profitability under its own management will be 8%.