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Freehold / Lease: Rental
Duration of Lease (yrs): open
Rent: 2,500.00
Community Charge: tba
Terrace Tax: n/a
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Terrace Size m2: n/a
Interior Size m2: 357
Kitchen m2: 0
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Full Description: This exceptional and well established Hostel is situated in on of the most visited cities. Malaga is steeped in history and culture and draws thousands of visitors each year, especially back packers and students from all over the world.
The Hostel is located directly in the heart of Malaga, for those who are not familiar with Malaga; Malaga is a cosmopolitan city with narrow streets, idyllic squares with cafes, restaurants and boutiques. Malaga is renounced for its Historical monuments, architecture, churches, museums and baroque buildings.
The hostel itself opened it doors in 1981 and is approx 357m2, it hosts 20 rooms in total, 5 with en-suite bathrooms and the rooms consist of singles, doubles, trebles/family rooms along with the owners quarters.
All the rooms have:- balcony, Air Con, TV, WIFI and daily cleaning and bedding change. There are 3x large communal bathrooms consisting of toilet bath, shower and wash basin.
The Hostel is situated one floor; there is a main 24 hour reception, equipped kitchen area and small laundry room with washing machine which is open to tenants.
The hostel is very popular with back packers and also students studying in the international colleges and universities, which include nationalities such as, German Dutch, Spanish, French, Russian, English, American, Swedish, and Japanese & Chinese.
The Hostel is close to The Cathedral, Plaza de la Victoria and close to the Mirador de Gibralfaro where you can enjoy stunning views of the harbour and city and only 15 minutes walk to the beach.
The Hostel charges 15 per night for a single, 25 per night for a double, 20 for a single with bathroom, 30 per night for a double with bathroom, 12 per person for the treble room and the student room which has 4 beds 10 per night per person.
The hostel is listed in Malaga tourist guide and has it own website, to which draws the majority of its trade.
This business is an exceptional find and would ideally suit someone with previous experience or knowledge of the business. The Hostel is attended and run by the owner and no management team is in place.
Price is 29,999.00 which includes a 15,000.00 returnable bond for a secure
rental contract with a monthly rent of 2,500.00. Freehold option is also available for 700,000.00.
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