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10+ Bedroom City Palace For Sale In Vélez-Málaga

R4686439 990,000€
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  • 10+ Bedrooms
  • 12 Bathrooms
  • 728.00m² Build Size
  • 394.00m² Plot Size
  • Pool: Yes
Category
Investment
Climate Control
Cold A/C
Hot A/C
Air Conditioning
Condition
Recently Renovated
Excellent
Features
Staff Accommodation
Bar
Jacuzzi
Marble Flooring
Utility Room
Storage Room
Guest House
Guest Apartment
Solarium
Private Terrace
Furniture
Fully Furnished
Garden
Private
Kitchen
Fully Fitted
Orientation
South East
Parking
Street
Pool
Private
Security
Entry Phone
Setting
Close To Schools
Close To Sea
Close To Shops
Village
Utilities
Electricity
Drinkable Water
Views
Street
Fantastic boutique hotel within walking distance of the lively center of Velez-Malaga. As is often the case in Andalusian cities, you cannot see the wealth and beauty behind the front door from the street. In this case, you will also be amazed upon entering the property through the large antique wooden doors. From the entrance hall, you step into the impressive courtyard, the focal point of the property. On the ground floor, there is the breakfast room with a bar, two guest rooms, guest toilets, and the entrance to the second patio, which can also be used privately thanks to access from the manager's residence. The manager's residence has a large open kitchen/living room, one bedroom with an ensuite bathroom, and an additional guest toilet (with shower). On the first and second floors, you will find the other 7 guest rooms (so 9 in total), including a family room with two sleeping areas. The other 8 rooms all have ensuite bathrooms, air conditioning, and tasteful furnishings. On the rooftop terrace, there is a pool/large jacuzzi and several lounge beds. The business is currently open 8-9 months a year and generates a good turnover. With some marketing efforts, much more can be achieved. Ideal location for a couple to manage and enjoy the pleasures of Spanish life. Opportunity to take over bookings and booking pages. The occupancy is good but with the right efforts, it could be much higher. Occupancy 2023: 55%, 1200 nights, average price around € 100,- (open 8/9 months). Before Covid: 1700 nights on average.

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