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Hotel for sale in Torremolinos


Hostal in the center of Torremolinos. 13 bedrooms, all on suite and with a small kitchen plus a separate living room. The total is 403 m2 inside + a terrace of 295 m2. It also has a store room. The hostel is at the 4th floor in a private block. It needs reforming inside and outside, as it has been closed for a couple of years. It would also need new furniture etc. The cost of reforming depends greatly on the quality of fixtures and fittings etc that the new owners require for their personal taste. In our opinion this is reasonably priced due to the demand of hostels along the Costa del Sol.

For more information on this Hotel Business in Torremolinos, Spain please fill out the quick enquiry form on the right ->

Property Details


  •  Reference:  COMM1439
  •  Price:  € 563,000
  •  Town:  Torremolinos
  •  Commercial Type:  Hotel


Spanish Property Description


Hostal en el centro de Torremolinos. Tiene 13 habitaciones y todas disponen de cuarto de baño y una pequeña cocina más salon. Tiene 403 m2 construidos y una terraza de 295 m2. También tiene un almacén. El hostal está en la cuarta planta en un edificio privado. Necesita una reforma por dnetro y por fuera, ya que lleva unos años cerrado. También necesitaría muebles nuevos etc. Las reformas demorarian aproximadamente 6 meses/1 año.


Mortgage Information


The following is a breakdown of the mortgage repayments for the first year using an interest rate of 3.5% over 25 years. This mortgage in Spain will cover a total of 300 monthly payments of €2818.51

Month
Interest Paid
Principal Paid
Remaining Balance

Month 1
€1,642.08
€1,176.43
€561,823.57

Month 2
€1,638.65
€1,179.86
€560,643.71

Month 3
€1,635.21
€1,183.30
€559,460.41

Month 4
€1,631.76
€1,186.75
€558,273.66

Month 5
€1,628.30
€1,190.21
€557,083.45

Month 6
€1,624.83
€1,193.68
€555,889.77

Month 7
€1,621.35
€1,197.17
€554,692.60

Month 8
€1,617.85
€1,200.66
€553,491.94

Month 9
€1,614.35
€1,204.16
€552,287.78

Month 10
€1,610.84
€1,207.67
€551,080.11

Month 11
€1,607.32
€1,211.19
€549,868.92

Month 12
€1,603.78
€1,214.73
€548,654.19