Sold €630,000 - Commercial, Hotel
The smart resort of Cala d’or is part of the municipal district of Santanyi, on the southern part of the east coast of Mallorca, about 56 km from the airport in Palma de Mallorca. The hotel is situated on the main street of Cala d’Or, in the touristic-shopping-dining area just about 200 meters from the beach Cala Gran and not far from Cala Petit, Cala Serena and Cala Ferrera.
Built on 4 levels this 1 star hotel consists of a basement, ground floor, first and second floor and sun roof terrace. 29 double rooms 4 of which are a little bit bigger, large reception / bar and dining room area, pool bar and breakfast nook, basement with wine cellar, garage, various staff bathrooms and changing rooms. Each room has a bathroom with WC and a shower. Optimal occupancy 63 beds.
The property needs a big upgrade, estimated budget 500.000e without furniture, the current owner has began the renovation but didn’t finish it, approximately 20 beams need to be changed, water and electricity plan ( budget available ), the hotel has an excellent location and is a great investment opportunity, also possible convert into an apartment building. There is a small fashion shop on the ground floor and also a medical center at the corner of the property both with individual entrances and are part of the deal. The medical center is rented until 2018 for 1.295 euros/month.
Distances: sea 200m, golf Vall d’Or 8km, natural park Mondrago 6km, Santanyi 12km, airport in Palma de Mallorca 56km