HOTEL**** RESTAURANT ON THE SEASIDE NEAR NICE, Alpes-Maritimes, Provence-Côte d'Azur
€7,550,000 [convert]

41 1900m2

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Key Features

Property Type: House
Number of bedrooms: 41
Bathrooms: 2
Swimming Pool
France Property Shop ID: 493412
Reference: SAA6674HR

Property Description

BETWEEN NICE AND ANTIBES, HOTEL**** BY THE SEA,

Renovated establishment (2009), in perfect condition. 40 rooms + bar + restaurant.

Operation in independent profit centres: • Hotel 20 rooms • Hotel residence 20 rooms • Restaurant with sea terrace

FREEHOLD (SCI) and BUSINESS operating company(SARL ) Hotel, restaurant, seminar room.

Average occupancy rate 2017: 70% Profitability 2017 (FREEHOLD and Business activity): 4.5% Net

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Possibility of extensions (Projects approved by the Town planning, being validated with the prefecture): 1. HOTEL RESTAURANT a. Creation of a Spa + 2 suites with terrace overlooking the sea b. Creation of a bar/lounge terrace of 200m² c. Creation of a 52 m² seminar room with 80m² terrace d. Creation of 5 terraces for sea-side rooms


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