Commercial for sale in Benidorm, Alicante

Investment opportunity! Camping site, Benidorm, North Costa Blanca, Spain
Sale Price - € 1.4 million
Plot size – 6,200 m2
Spaces – 36, 5 of which are classed as bungalows, fixed structures.
Also business premises located on the front of the property rented at € 1,900 per month for over a decade.
The site needs renovation and would be an investment opportunity whereby newer structures such as log cabins can be placed on the land.
The prices of the camping spaces have not been increased for 10 years so potential is much higher should prices be increased, the same can be said of the restaurant.
The property has another vacant building that could be used for a variety of purposes from living spaces to a small shop etc.
The camping site has its own pool for residents.
Located in Benidorm and a close distance to beach, water parks and other family holiday attractions.
All current caravans are old but are owned by the site and contracts can be terminated immediately if someone wanted to put new cabins on right away.
All are currently rented and income as it stands is:
Rental Price – Spaces (31) € 265/month
Bungalows (5) € 350/month
Full Capacity Monthly Rental Income - € 9,965
Full Capacity Yearly Rental Income - € 119,580 as it is now.