EXCEPTIONAL PRODUCT: The Hostel is in a floor of a modernist building from 1881, with elevator. It was refurbished in 2012 and boasts 11 guest bedrooms, with possibility of additional 5 rooms. It offers three types of rooms with private bath, only a shower and a shared bathroom. All have heating , ceiling fan , satellite TV , free WIFI service and outside balcony in some of them . 24h reception.
FREEHOLD WITH VACANT POSSESSION: The freehold interest is being sold unencumbered by brand or management.
POSITIVE MARKET OUTLOOK: Occupancy 85%-100% during all the year. Profitability up to 7%.
GROWING MARKET: Demand is expected to increase in Barcelona City Centre.
THE SALE PROCESS: The Hostel is being offered for sale by private treaty and offers are invited for the freehold of the property and the business as a going concern. Additional information on this opportunity and full details about the Hostel, its trading performance and projections are available upon request to Engel&Völkers Commercial.
STRATEGIC LOCATION: The Hostel is strategically located, in the heart of the city of Barcelona, just five minutes walk from Plaça Catalunya and 30 minutes from Barcelona airport