Distressed Sale Bargain - Amazing opportunity to purchase a freehold American style hotel / b&b / bar / restaurant / cafeteria in the andalucian village of Alora in the Malaga region. With direct train access to malaga for under 10 euros.

Changes in personal circumstances force the sale of this fabulous freehold property and business, hence the very heavily reduced price for quick sale.

Separate owners 1 bed luxury penthouse above hotel accommodation with 100 sqm terrace with bbq area and hot tub. 8 bedroom, 8 bathroom hotel / B&B, all recently refurbished with an American style theme. The famous breathtaking mountain walkway climb of Camino del Rey is approx 20 minutes by car.

Originally listed for over a million and now heavily reduced to an incredible price of only 499,000€ for an urgent sale! The owner also tells us he had an old bank valuation of over a million.

PROPERTY:
Offering a fantastic opportunity to acquire, a fully equipped and furnished, Hotel /B&B with Restaurant with Bar/Cafetería. There is a separate owner’s luxury penthouse accommodation. The premises have been fully converted and restored to a very high standard, and briefly comprise; good size restaurant, with bar and serving area, and games room with cinema area. Dining areas are both internal and Al Fresco.

There is a large stainless steel, purpose-built, professional kitchen with a walk-in commercial chiller/fridge/freezer, extensive commercial catering equipment and various preparation areas. The kitchens have been fitted with commercial specification.

Independent access leads to the first floor with 8 fully furnished, large studio bedrooms, all with full en-suite bathrooms. The rooms have been upgraded to family size adding minimum, a bunk bed to each room all with American themes. The studios are let room-only or B&B at present, which allows an additional source of income by providing guests other meals. Thinking forward, the owner has provided plumbing and drainage services to each studio, and ample space to provide a small kitchenette and dining area, thus allowing self-catering as an option. There is a separate large sun terrace for guests, with BBQ.

Occupying the whole second floor is the owner’s accommodation, which again is fully furnished and finished to a very good standard, and is ready to move into. Here the accommodation briefly comprises: a very spacious lounge/sitting/dining room, a separate fully fitted kitchen, and a master bedroom with full en-suite. Outside there is a 100m2 roof terrace, with dining and entertaining areas with BBQ and Jacuzzi/Hot-Tub. The property benefits from hot and cold air-conditioning, double glazing, satellite TV, and ADSL internet. The whole property is a Wi-Fi zone

Completely renovated to high standards this is a true turnkey solution for anybody wanting a commercial venture ready to go, at an amazing price. In the pass the business was profitable making a turnover of around € 300,000 pa and there is plenty of scope to substantially increase this.

LOCATION:
This property is situated in the popular inland town of Alora surrounded by incredible countryside. Centrally located with easy access to the town centre and the railway station. Málaga International Airport is approx 38 minutes by car, with Málaga city and beaches just a few minutes more. There is a direct rail connection to central Málaga, where you will find trains to all over Andalucía and Spain, and especially the 2.5 hour fast train (AVE) to Madrid.

THE VENDOR HAS INFORMED US THAT:
IBI (Council Tax) is approx € 857

Contact us now for more photos & viewing of this incredible deal.