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Impressive Building In French Pyrenees For Sale

Prats de Mollo la Preste, Pyrénées-Orientales, France
Asking Price:
€395,000 Furniture / Fixtures included
Sales Revenue:
€100K - €250K
Cash Flow:
€100K - €250K

Impressive building currently used as 3 Star hotel (17 bedrooms, restaurant, bar, salon, terrace, solarium, lift) with craft beer brewery, an owners' apartment and significant further scope for development.

Attractive building in a beautiful setting with lots of potential for 232€ per square metre!

The nearby town of Prats de Mollo is considered one of the most attractive towns in France (Plus beau village de France) has a Catalan cultural conference centre and is popular with curistes**(see below), tourists, walkers, cyclists and mountain bikers so is ideally situated for continued use as a hotel as well as an Apart-hotel, holiday apartments and studios or as a training or residential centre.

Building:
* 1 100m of altitude
* 100 metres from a Thermal Spa (season March - November)
* close to the Spanish border and a few kilometres from a Natural Reserve
* 1 700m2 over 7 floors. 4 floors are currently used as a 3 Star hotel, the remaining space is
largely unused hotel rooms which are in need of renovation and could provide a significant
addition to the existing usable space.
* The building is situated in a ZRR (Zone de Revitalisation Rurale) and so grants (subventions) and other financial aids can be available for works to improve energy efficiency etc.

Hotel:
* 3 Star rating 2022 (valid 5 years)
* Fire safety certificate 2022 (valid 5 years)
* The hotel is situated opposite a thermal spa and has a regular clientele of curistes**(see below) as well as walkers, cyclists and mountain bikers throughout the season.
*The bright, south-facing restaurant seats 50+ and is open throughout the season to both residents and non-residents. Currently only cold meals are served.
*The hotel rooms are all double/twin with en-suite bathrooms, double-glazed, with TV, central heating and with views of the valley. The rooms are accessed by a central staircase and there is a lift to all hotel floors.
*There is a client services room (with washing machine and fridge), and a solarium (with gym equipment) available to residents along with a bike storage room.
*The hotel has a reception area with office, and an elegant salon of 70m2 , with TV, card tables, and a library.
*The bar (Cat III) has seating and tables for 20 with an outdoor terrace for 20.
*The hotel kitchen/service area has workspace, catering ovens, dishwashers, sinks, fridges, freezers, cold room, storage, dumb waiter and delivery access.

Craft Brewery:
*The brewery equipment is installed in the kitchen area, with a separate fermentation room. There is plenty of storage space for bottled beer in the hotel.
*The Brewery was established in 2012 brewing a range of real ales. Production of 6-8,000 bottles a year is distributed to shops, bars and restaurants in the local area, along with direct sales in the hotel bar and boutique. The 2.5 Bbl brewing equipment comprises a boiler, pumps, mash tun and 4 fermentation vessels and the sale includes available stocks, raw materials and packaging materials.

** Curistes: The thermal spa, 100 m from the hotel, is operated through the French health service and provides annual “cures” of 3 -weeks of treatments with waters from a thermal spring. These treatments are prescribed by doctors and so our curiste clients spend 3 weeks at the hotel each year - most are regular clients who have been coming here for many years.

Many of the non-resident restaurant and bar clients are also curistes staying in studios etc. nearby.

Asking price as follows:

*Building (with hotel furniture etc.) 395 000€
optional *Hotel business (fonds de commerce) 30 000€ (excluding stocks)
optional *Brewery business (fonds de commerce) 10 000€ (excluding stocks)

The building is for sale with or without either business. The businesses are only for sale with the building.

Floor plans and more photos are available.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Apartment on 1st floor with separate access and a sunny terrace. Kitchen/dining/living room of 45m2 with underfloor heating and 2 bedrooms with en-suite bath/shower rooms & WC. There are 2 further en-suite rooms on the same floor which are currently used as owner's accommodation. The rear ground floor of the hotel was previously a 2nd restaurant, has access to a sunny terrace and is currently used for storage/workshop.

Location:

Hotel is located at 1100m altitude near Spanish border.

Premises Details:

The hotel building comprises roughly 1700m2 over 7 floors. The hotel is built between the river and the road and so has 3 floors at/above road level (with access to hotel bar, reception etc) and 4 floors below. All hotel rooms, the salon and restaurant are south-facing and overlook the river valley.
The hotel has mains electricity, water and sewage. The hotel ovens use gas and electricity. Central heating and hot water are supplied by a fuel oil boiler.
The facilities are well maintained and in good working order.
Some updating should be planned to improve energy efficiency and continued compliance with regulations.

Business Operation

Expansion Potential:

There are additional rooms which could be modernised to provide more hotel rooms, dormitories or self-contained apartments/studios.
The building is ideally situated to provide accommodation and facilities for a training or residential centre, for example for outdoor activities.

Competition / Market:

The hotel is 100m from the Thermal Spa which provides health treatments and also has a hotel. There are several restaurants and 3 hotels in the nearby town. Catalonia (north and south) has an active craft beer culture reflected in the number of breweries on both sides of the border.

Reasons for selling:

Health reasons

Trading hours:

Hotel = Thermal season from April to November
Brewery = all year round

Employees:
1-2 seasonal (housekeeping, restaurant, bar, reception)
Years established:
50+ hotel, 10+ brewery

Other Information

Support & training:

Handover of hotel business
Training on brewing, bottling etc
Introduction to existing clients and suppliers
Introduction to Chambre de Metiers, local Mairie etc

Furniture / Fixtures value:
€15,000 - included in the asking price
Home based:
This business can be run from home.