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Spanish – Bank Repossession Beach Front Hotel Development Campello

Asking Price: Euro €9,000,000

  • Location: Beach Campello Alicante Spain

Luxury Aparthotel

The development is located close to a town just off the main N332 coast road between Alicante town / airport (13km) and the international holiday town of Benidorm (26km), the local train connects directly with both towns and all the coastal resorts.

This development of 127 apartments is in a prime beachfront position - the developer was declared bankrupt and the property repossessed prior to the resort being completed.

Licensed for aparthotel or retirement usage it is on the beach, the development needs finishing, approx. 3 million euros further investment is needed, upon completion it will be a magnificent 4 star tourist residence, with stunning sea views.

Accommodation consists of 1 x studio apartment - 46 x 1 bedroom apartments - 80 x 2 bedroom apartments all with designated garage spaces and storage units, apartments are fully equipped with luxury kitchens and private terraces with sea and sunrise views

The development gives the possibility to sell on to individuals as an investment scheme.

All documents and licences in place, a full project without planning difficulties or other complications.

Tel: Int + 44 (0) 7932 833545

Price 9 Million Euros

Units: 127

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