10 bedroom hotel for sale
Italy - Le Marche, Macerata, Cingoli
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- Business for sale
The Hotel and Restaurant is 12 kms from the town of Cingoli and 10 km from Jesi in the country side West of Ancona.
Ancona airport is an easy 30 km away and the beaches about 35 kms away.
Access is very good and there is ample off street parking for guests.
An excellent opportunity to purchase a Hotel and Restaurant that has an excellent track record with locals and foreigners alike. Recently the splendid gardens have been used for weddings and other events with all catering done in house.
The business has been going since 1967, was bought by the current owners in 1980 and restored in 2001. Currently the main building is made up of a restaurant with up to 470 covers divided into 3 air conditioned rooms with 300, 100 and 70 covers respectively. There are also 10 bedrooms, each with an en-suite bathroom, fully equipped kitchens, store rooms, staff changing rooms as well as an office and reception.
In the gardens, near the 12x25 m swimming pool (this needs restoring), there is a second building on 2 floors with 12 changing and shower rooms and sheds for gardening equipment.
The garden, built on 2 levels and covering 3.250 sqm, is very well maintained and can hold parties of up to 1000 people. There is a further 1.1 ha of mainly woodland.
Given the very reasonable asking price the return on investment based on 2013 figures is most attractive.
State of repair:
The style is informal and rustic and the buildings are in very good condition. Only the bedrooms and bathrooms need redecorating.
Land registry details:
The property is correctly registered in the cadastre of Cingoli
The property has been correctly restored following planning permission gained from the Municipality of Cingoli
Ownership Details/Contractual Obligations:
The property is owned by a company.
Potential Land Use:
In this instance, building regulations permit enlarging the current structure and /or changing the use to, for instance, a Beauty Farm or simply a private residence.
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