Commercial real estate for sale in Costa Brava 660m²

Building in Lloret de Mar Residential building for sale in the center of Lloret de Mar with a renovation project on the Costa Brava. Located in the heart of the city, where hundreds of thousands of tourists from around the world pass every year. Facade 8 meters. Total area 660 sq.m. Built on 4 floors. On the ground floor there is a restaurant with a long history, rented for 2000 euros per month. The building has 6 apartments, which are also rented (all contracts are short-term, so that the new owners do not have problems when selling). Gas heating is provided. There is a basic project for the reconstruction of the building and its conversion into a boutique hotel with 14 rooms. The duration of the work is 6 months. Launch of the hotel - 2 months. The required amount of investment is 500,000 euros. Profitability under own management will be 8%.