Popular Luxury Hostal In San Pedro Marbella For Sale

Business description

The hostal boasts 43 double rooms with every comfort including airconditioning, heating and shower toilets en suite.. It is in San Pedro which is presently undergoing major urban restoration and landscaping. It is also the heartland of golf courses and the scene of many international sporting events. The hostal includes a well equipped coffee lounge and a large restaurant bar at street level, exclusively for guests. It is also in the process of finishing off a 300 metres basement reception room for weddings etc. The roof terrace is suitable for barbecues and has a stunning view of the Marbella and Ronda mountains. It stands on three floors and has an overall floor space of over 1,500 square metres. It enjoys national visiting artesans during the year and visiting local family members. It also has international coverage throughout the world via many internet agencies. It is practically full during the three Summer months and works at 50 percent during the rest of the year. It has its own laundry.

Reason for sale is that the owner is going back to the UK to pursue a publishing career from which he came originally and finds the responsibility is best left to a family whcih he has not got.

Property information

Real Estate:

Real Property Included

Location:

The hostel is in the new sector facing the main road to Ronda and next to the sporting complex. It is also within five minutes walking distance of the centre. The sea is only twenty minutes away on foot and five by car. Puerto Banus the largest and most luxurious yacht basin on the coast, is only a kilometre away ans Marbella just beyond. All the main golf course like Guadalmina, Atalaya Park and La Quinta a few minutes away by car. The main coastal road and the super highway are on the doorstep.

Premises details:

The building was erected as a hostal some twenty years ago and has been refurbished extensively a variety of times and recently within two years. It has three internal Andalucian patios which guarantee that both the frontal and back rooms have plenty of light. It is lit up with beacons on every balcony at night and a very large neon display on the roof which attracts a great deal of vehicular traffic from afar on the main roads.

Size in square feet:

14,500 feet. approximately

Other information

Expansion potential:

The scope for expansion is tremendous with whole structures on either side that are residential and which can be bought for those economical prices. The hostel can increase its number of rooms and receptions in this way to over 100 and can also gain further front and new access on a main avenue called Fuente Nueva which is a busy thoroughfare.

Competition / Market:

The competition is there but in the main not up to the standards of the San Felipe and all except one is are very much smaller. Apart form the very low standard Pensions and lower grade Hostels, which may be clightly cheaper, the hostel is known for quality and price and popular with the young from major city centres. It si in a class of its own as can be seen from the Photographs

Support & training:

All support necessay including parallel management until ready to take over.

Reasons for selling:

Owner retiring approaching seventies and buying a publishing business in London. He has enjoyed the hotel and despite having other residences has spent many days of the month living in it and working from a reception level office exclusively for the purpose.

Trading hours:

24 hours

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

It is a matter of discussion based on the nature and financial situation of the proposed purchasers. We could mortgage partly up to 50 percent at a market rate with a first charge on the property.

Furniture / Fixtures value:

€500,000

Website:

www.hostalsanfelipe.com