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    Charming Indian-Style Boutique Hotel in Ribadeo, Asturias
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    Charming Indian-Style Boutique Hotel in Ribadeo, Asturias

    1,750,000€

    Key information

    • 183 m²
    • 9 bedrooms
    • Has balcony
    • Has cellar
    • Has elevator
    • Has terrace

    Investment Breakdown

    Gross Yield:

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    Time to pay off with rent:

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    Price Difference:

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    Expected Rent:

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    About this property

    Check out this stunning Indian-style building in the heart of Ribadeo! Currently operating as a well-known 4-star boutique hotel, this property is perfect for anyone looking to invest—whether you want to make it your private retreat or continue its success in the tourism industry. Built in 1910, this remarkable property was crafted by the talented architect Juan Miguel de la Guardia. His vision included high-quality materials like northern red pine, granite stone, and exquisite French fittings, all shipped in by sea. This home has a story, with roots tracing back to a sailor and his family who had grand dreams for this stunning place. The hotel itself boasts 9 double rooms—some with balconies—offering comfort and charm. Imagine serving breakfast in a cozy living room, hosting dinners, and enjoying gatherings in the charming interior patio. Plus, with a modern kitchen connecting to the ground floor restaurant, this space has everything you need! Completed in 2018, the refurbishment brings a fresh, modern vibe that retains a lovely touch of historic elegance. You’ll love the peaceful atmosphere right in the city center, making it an ideal spot for a relaxing getaway or even teleworking in style. This property stands out in the market, not just for its unique character, but also for its profitability. Recent data shows it outperforms local 4-star hotels in revenue, boasting an ROI of over 7%, which could jump to over 9% if the restaurant is personally managed. Don’t sleep on this opportunity! The northern coast of Spain is booming with tourism, and this little gem is at the forefront. Whether you're drawn by the allure of owning a boutique hotel or simply appreciate beautiful architecture, come check it out for yourself—it’s genuinely a must-see!

    Local area information

    Date added: 30.11.2024

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