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850 000 €

Hotel in Condom, France, 650 sq.m
  • Hotel in Condom, France, 650 sq.m - picture 1
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  • Hotel in Condom, France, 650 sq.m - picture 1
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  • Hotel in Condom, France, 650 sq.m - picture 3
  • Hotel in Condom, France, 650 sq.m - picture 4
  • Hotel in Condom, France, 650 sq.m - picture 5
  • Hotel in Condom, France, 650 sq.m - picture 6
  • Hotel in Condom, France, 650 sq.m - picture 7
  • Hotel in Condom, France, 650 sq.m - picture 8
  • Hotel in Condom, France, 650 sq.m - picture 9
  • Hotel in Condom, France, 650 sq.m - picture 10
  • Hotel in Condom, France, 650 sq.m - picture 11
  • Hotel in Condom, France, 650 sq.m - picture 12
  • Hotel in Condom, France, 650 sq.m - picture 13
  • Hotel in Condom, France, 650 sq.m - picture 14
  • Hotel in Condom, France, 650 sq.m - picture 15
  • Hotel in Condom, France, 650 sq.m - picture 16
  • Property ID on Prian.info: 3876752
    Last update: 27.02.2024
    Number of views: 621

850 000 €

Hotel in Condom, France, 650 sq.m

650 sq.m 13% per year
Residence

  • Property ID on Prian.info: 3876752
    Last update: 27.02.2024
    Number of views: 621

Specifications

Sale price 850 000 €
Price per square meter 1 307 €
Floor area 650 sq.m
Construction phase Resale
Date of construction 1910
Number of storeys 2
Floor 2
Parking 12 places
Address France, Condom, 14, Avenue des Anciens Combattants 32100 Condom
Location in a village
to the airport 30 kilometers

Additional services

  • Residence permit upon purchase

Finance

Profitability
Annual return 13 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income 110 000 €

Annual rental revenue, excluding operating expenses

Cash flow for the year 220 000 €

Annual rental revenue, including operating expenses and credit, before taxes

Pay-off period 8 years

Rental income covers all the expenses in

Maintenance
Annual tax 6 000 €
Operating expenses 70 000 €
Total year expenses 76 000 €

Description

Located in the heart of Gascony, this charming boutique hotel offers 12 en-suite rooms, a restaurant, a professional kitchen, a swimming pool and private parking. Conveniently located on a quiet, cobblestone street. This beautiful stone house has been renovated and transformed into a comfortable boutique hotel. It is popular with both Catholic pilgrims traveling to Lourdes and tourists. Its beautiful wrought iron gates at the entrance open onto a romantic patio, which is great for serving dinner and drinks on a hot summer evening. It offers a lovely outdoor pool with its own secluded terrace and ample private parking for hotel guests. On the ground floor there are 2 large dining rooms with wood paneling and magnificent antique parquet floors with French doors opening onto a terrace overlooking the pool at the rear of the hotel.

On the ground floor there is also a restaurant hall with stone walls and vaulted ceiling, a breakfast kitchen and 2 spacious rooms with bathrooms. A beautiful stone staircase leads to the second floor, where there are 10 cozy rooms, each with its own bathroom. There is another small bedroom with a shower in the attic. The ground floor on the lower level of the garden includes a professional kitchen, large storage rooms, a boiler room and pool equipment.

The new owners of this beautiful property have the opportunity to continue managing this popular boutique hotel or transform it into a large family estate full of charm and authenticity.

All existing furniture and equipment are included in the sale price of the property.

There is an apartment building next to the hotel, which new owners can purchase for living.


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Contacts

Private person
Russia, Sankt-Peterburg
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