TENERIFE, HOTEL RURAL WITH SEA VIEW

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The hotel is located in the center of a beautiful historic village from the 1600s. In a privileged place overlooking the mountains and the sea. You are within walking distance of shops, hiking trails and only 10 minutes drive from the beaches and Puerto de la Cruz. The dining and breakfast room overlooks huge windows, from which you can enjoy wonderful views and sunsets.

This Rural Hotel has been carefully restored with the aim of maintaining its original structure, adapting it to the modern distribution of spaces. The floors, stairs, shutters, doors and ceilings in solid wood are all original of the period.

Price:€40.000 Eur
County:TENERIFE
State:SPAIN
Property Type:Commercial
Financial:Annual turnover: 70,000 euros, which can be increased πŸ‘‰ Net profit: 38,200 euros πŸ‘‰ Current 5 year lease, renewable for another 5 years. We are currently in the middle of the 4th year. πŸ‘‰ Monthly rent: 1500 Euros πŸ‘‰ Average electricity utilities: 350 Euros / month πŸ‘‰ Average water utilities: 50 Euro / month πŸ‘‰ Internet and tel utilities: 30 Euro / month 7% VAT - TAXES ON PROFITS 19%
Condition:This Rural Hotel has been carefully restored with the aim of maintaining its original structure, adapting it to the modern distribution of spaces. The floors, stairs, shutters, doors and ceilings in solid wood are all original of the period.
Interior:βœ… 5 APARTMENTS WITH KITCHEN βœ… HEATED POOL WITH SEA VIEW TERRACE βœ… LIBRARY βœ… CELLAR βœ… BREAKFAST / DINING ROOM AREA βœ… INTERNAL GARDEN βœ… COMPLETELY RENOVATED
Location:TENERIFE
General:IMPORTANT NOTE: (sale of the business and not of the property) The owners do not live on site, so they have two salaried people who manage the facility and do the cleaning (about 3000 euros total). By managing the hotel directly, things change for the better because you would not have salaries or less according to your management.
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