Hostel + big apartment for SALE in Minorca Island
Hostal Orsi (POSADA ORSI is the trade name) is located in the heart of Mahon, with 17 rooms on three floors, all decorated in ethnic style and atmosphere, which prints the establishment of a specific and unique character; also features a first floor where there is currently a 146m2 apartment, which is now used like house for employees or managers, but provides the possibility of extending the facility, if desired; this plant is also equipped with a 50m2 terrace and 70m2 garden. In sum total about 740m2 building distributed over 4 floors and has an excellent location, only 500m from the marina port and just several steps from banks, shops, bars and restaurants.
Valuation of building plus business (tourist licenses and all permits necessaries, etc…), has been agreed with several banks and their current selling price is below the appraisal price and subject to proposed study and any opportunity that may arise on the parties.
Price: 860.000€