9 APARTMENTS

25218Residential

Jerez de la Frontera, Spain

Price

€1,300,000

* + agent intermediation fees payable by the buyer.

Description

High-end boutique aparthotel for sale at Calle Medina 63 in Jerez de la Frontera, in the heart of the historic centre, a few steps from landmarks such as the Alcázar and renowned sherry bodegas, and close to key events such as the Feria del Caballo and the Flamenco Festival. The asset, currently in operation, consists of 9 apartments with a built area of 559.27 m² and 441.06 m² of usable space. It records an average occupancy of 76%, an average room rate of €121.15 and annual revenue of €262,403, with an EBITDA of €80,924 and stable margins, underpinned by its prime location and efficient operational management. Jerez welcomes 1.2 million visitors a year, with average tourism growth of 6% over the last five years and an economic impact of €270 million per year. A strategic investment in the growing cultural and wine tourism markets.

City: Jerez de la Frontera
Built Area: 559 m²
Energy rating: —