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Freehold Bed and Breakfast, perfect for modernisation

This exquisite old building is situated in the centre of a popular Spanish town, one of the best locations for all year round tourism and a place were freeholds of this size rarely come on to the market.

In the same family for many years it was inherited by the current owner 4 years ago and has been closed since.  He has no desire to modernise and re-open the business himself and has recently taken the decision to sell it on.

Down a cobbled street, with parking near by and surrounded by other old buildings the setting is lovely.  There are 2 main entrances to the property – one leading directly to the stairs and bedrooms the other into the main bar area, this used to operate as a part of and independently from the bed and breakfast side of the business.  On the ground floor, in addition to the bar and dining area, there are guest toilets (small) and a large kitchen.

The rest of this wonderful building is a maze and of course retains all of the original features, such as the lovely arched windows and Juliet balconies leading off most of the guest accommodation.  Comprising of 11 bedrooms. mainly double and family sized rooms and 4 bathrooms – it would not be complicated to convert it to between 6 and 9 ensuite double and family rooms – or four self-contained apartments, this would of course be dependant upon the size of the accommodation that the new owners required.  We have checked at the town hall and there are no restrictions regarding the internal alterations of the property.

There is a huge roof terrace, with a built in laundry, this would make a fabulous outside bar and dining area for the residents.

Amazingly already licensed, as a one star hostal and on the market for a very reasonable price, this is a superb investment opportunity.