Suite for sale between Marbella & Estepona

€125,000 suite for sale in the ‘Oh Nice Caledonia’ hotel in the Bel Air area of Estepona.

This 4* hotel has classic Mediterranean architecture and 291 spacious rooms, the hotel offers a relaxing and comfortable stay with numerous leisure and gastronomic experiences in the heart of the Costa del Sol, between Estepona and Marbella.

The hotel has two restaurants which offer traditional Andalucian and international cuisines. The Sierra Bermeja Restaurant also has a splendid outdoor terrace so you can enjoy the pool and the warmth of the sun.

Situated between Marbella and Estepona, it is a great base for anyone looking to explore Andalucia, escape the cold winters at home, or simply relax.

The Costa del Sol is famous for its attractive coastal profile, for its rich Mediterranean history and its versatility and dynamism as a tourist-cultural destination.

The province of Malaga, today offers you spaces for relaxation, training and the practice of important sports such as golf and tennis. Visiting a region with 360 days of sun, beach, breeze and sea, is an invitation to book at our hotel and live with us an extraordinary experience. Are you

The suite for sale is a King Suite on the 4th floor of the hotel and has built area of 61 m² plus a small balcony. The suite is split into a room with a double bed, a living area with a sofa bed to accommodate up to four people, a kitchenette and a bathroom. The room has a shower, toiletries, hairdryer, fridge, cot, air conditioning, free wifi, safe, telephone, television, desk with lamp, wake-up service and 24 hour room service.

The purchase costs for the suite would be as follows:-

Purchase Price: €125,000
Purchase Tax: €8,750
Legal Fees: €1,500
Registry Costs: €1,250 (approx.)
TOTAL OUTLAY: €136,500

When you purchase a suite in the hotel, you also sign a contract for the hotel to manage the room. In return for the income they generate, the hotel will:-

* Pay for the community fees for the apartment (approx. €1,500 a year)
* Pay all your utility bills (water, electricity, internet) which would usually equate to around €2,000 a year
* Pay you a guaranteed €4,500 a year income
* Maintain your apartment covering the cost of cleaning, changing bedding, repainting, repairs, etc…
* Provide and maintain all the furniture, bedding, towels, cutlery, crockery, glassware, kitchenware, and kitchen appliances

Additionally, you are able to use the apartment, charge free, for 4 weeks every summer and another 4 weeks outside the peak season.

As such, you are effectively getting a net annual return of 3.5% on your investment plus 8 weeks free hotel accommodation each year. Then you have the capital growth on the value of the apartment. You have zero ongoing costs! This makes it a great, affordable, investment option for anyone who wants a holiday home which pays for itself.