Alpujarra - Lecrin, Spain
Commercial for sale in Orgiva, Spain
Beds: , Baths:
ID Number: 2521
Business Opportunity Posada Orgiva,
Full Description: Business Opportunity Posada Orgiva,
Costa Tropical , Spain
POSADA ALPUJARRA SOL
Orgiva is a popular inland town midway between Granada and the coast . Orgiva attracts year round visitors from all walks of life and interests. From walking (e.g. the hundred-year-old-olive-trees walk), bird watching to historical tours (e.g. there is a Don Quixote museum) and more. The town itself is vibrant, with more live music permitted than in Granada or Malaga, however,there is a lack of short term accommodation of any standard. Whilst the Villa rental market is the opposite and over catered for but rarely offers short term lets.
To offer accommodation in the heart of the town that is of a higher standard than Guest House but not trying to compete with the Villa rental market. Orgiva town has an acute shortage of quality accommodation and there is a need to address this issue. The new road and airport links have opened the town up to a larger market , thus giving any investment in the accommodation sector a real year round income and profitability.
Posada Alpujarra Sol – The story so far
Purchased by the current owners with a view to running a high standard Guest House in the heart of the busy town. With more offerings other than a bed for the night. Opened to trade in October 2013 with 2 of the 4 bedroom suites serviceable , whilst the other 2 bedroom suites were still being redecorated and bought up to the desired standard.
During 2013/14 the Posada showed very promising returns with 50% occupancy across the year . The music nights and other activities utilizing the roof terrace generated very profitable events.
The Posada closed in January 2015 for final upgrading of the remaining 2 suites and again in June 2015 due to family requirements. This year has not been a year where the owners have been able to build on the success and momentum of the 1st year due to 2 main Factors.
1. The original plan was for the owners to invest in the property and for younger members of the family to run and earn a healthy living whilst enjoying the lifestyle of being in Spain. However family circumstances changed and they are not in a position to run the business.
2. The owners had never planned to be involved in the business as they still have work commitments that take them around the world for long periods. Thus rendering them unable to run the Posada. Hence the reason for selling.
The way forward
Posada Alpujarra Sol.
The Business sits right in the heart of Orgiva. The business offers other revenue generating opportunities other than accommodation. Such as a very desirable roof terrace which can be used for live music events, chill out days, BBQ events, internet café alfresco etc. The Posada can be let out as a whole (wedding accommodation is always needed in the area) or by suite. There is a large free car park opposite and everywhere is within easy walking distance.
With high ratings on all the major booking portals such as Booking.com (9.1) and the right marketing approach, this property can achieve a very healthy return and lifestyle for its future owner.