Commercial property on Costa Brava, Spain, 660 m²

Profitable residential building for sale in the center of Lloret de Mar (Costa Brava)

The investment facility is located in the heart of Lloret de Mar, one of the key tourist centers of the Costa Brava, attracting hundreds of thousands of tourists from all over the world every year. The location ensures stable demand and high potential for the development of the project in the hotel sector.

Object characteristics:
Facade: 8 meters
Total area: 660 m2
Number of floors: 4 levels
Commercial premises:

On the ground floor there is a commercial space, previously occupied by a famous restaurant with a long history.
Today it houses a network club, which is rented out.:

1,300 € per month per season

1,000 € per month out of season

Residential part:

There are 6 apartments in the building, rented out under private (non-long-term) contracts, which provides flexibility for the new owner and makes it possible to freely implement a development project without legal restrictions.

Technical condition
Gas heating is provided
The possibility of modernization without complex constructive interventions
Development potential:

There is a basic architectural design for the reconstruction of the building and its transformation into a boutique hotel with 14 rooms.

Estimated construction period: 6 months

Operational launch period: 2 months

The financial model:

Under its own management, the project shows a projected profitability of about 8% per annum, with the possibility of increasing ROI with professional hotel management.