This exceptional 630 m² south-facing property in Finestrat, Costa Blanca North, sits on a 1,512 m² private plot at the foot of the majestic Puig Campana mountain — just 900 metres from the village centre and 6.5 km from the beaches of Benidorm. Listed at €600,000, the building dates from 2000 and requires full refurbishment. A detailed 327-page renovation project for a 12-room aparthotel is available and can be presented in full. Located 35 minutes from Alicante-Elche Airport.
Rarely does a property of this scale and potential come to market on the Costa Blanca. Set just outside the charming village of Finestrat, this substantial south-facing building occupies a commanding position between the mountains and the sea — with the renowned beaches of Benidorm reachable in under ten minutes by car. The property was formerly operated as a restaurant, giving it a strong commercial foundation, and the current owner has commissioned a comprehensive 327-page architectural project for its conversion into a 12-room aparthotel. This documentation is available for prospective buyers and represents a significant head start for any investor or developer looking to bring the project to life.
The building offers 630 m² of legal constructed space on a generous plot of 1,512 m² (1,610 m² cadastral). The existing structure benefits from marble and parquet flooring, basement parking, a private pool, and a private garden — solid foundations for a high-quality refurbishment. The property faces south, maximising natural light throughout the year, and enjoys open mountain views towards the dramatic peak of Puig Campana.
The location is genuinely outstanding for a hospitality or tourism-focused project. Finestrat sits in one of the most sought-after pockets of Costa Blanca North, surrounded by growing residential urbanisations, two golf courses within 6.7 km, and the largest shopping centre in the region just 4.5 km away. The vibrant tourist city of Benidorm — with six amusement and water parks and a thriving year-round tourism economy — is only 6.5 km from the door, providing an exceptional catchment of potential guests.
Contact Hansson & Hertzell today to request the full architectural project and arrange a private viewing of this extraordinary property.
Finestrat is one of the Costa Blanca North's best-kept secrets — a tranquil mountain village with a distinctly authentic Spanish character, perched at the foot of the iconic Puig Campana peak. The village itself is a pleasure to explore, with narrow streets, a traditional church square, and a handful of excellent local restaurants. Yet despite its peaceful setting, Finestrat is positioned perfectly for those who want easy access to the coast: Benidorm's famous beaches are just 6.5 km away, and the broader Benidorm resort area offers six theme and water parks, a wide array of restaurants, nightlife, and a thriving year-round international community.
The area has experienced significant residential development in recent years, with several high-quality urbanisations built nearby and more planned. Two golf courses lie within 6.7 km, and the largest shopping centre in the region is just 4.5 km down the road. Alicante-Elche International Airport is a straightforward 35-minute drive, making the area highly accessible for both visitors and international residents. The Mediterranean climate ensures more than 300 days of sunshine per year, with mild winters and warm, long summers — ideal conditions for a tourism-oriented business venture.
At €600,000 for 630 m² of legal built space, this property is priced at approximately €952/m² — well below the Costa Blanca North average for comparable commercial and mixed-use properties, reflecting the refurbishment required. The Benidorm area consistently achieves some of the highest tourism occupancy rates in Spain, with short-term rental yields of 7–9% annually and occupancy rates of 80%+ in peak season. A 12-room aparthotel in this location — sitting between the mountains and Benidorm's coast — would be well-positioned to capture both nature tourism (hiking, cycling, Puig Campana climbing) and the established beach holiday market. Property prices in Costa Blanca North have risen approximately 40% since 2020, and demand for quality boutique accommodation continues to outstrip supply. The full architectural and business project (327 pages) provides a concrete roadmap, saving significant planning costs. Total purchase costs should be budgeted at approximately 12% on top of the purchase price (ITP 10% + notary, registry, and legal fees of approximately 2%).
For a resale property such as this one, buyers should budget for ITP (Impuesto de Transmisiones Patrimoniales) at 10% of the purchase price, plus notary fees, land registry fees, and legal/gestoria costs totalling approximately 2%. In total, expect to budget around 12% on top of the agreed purchase price. For new-build properties, IVA (10%) applies instead of ITP. It is strongly recommended to use an independent Spanish property lawyer throughout the process.
Finestrat village is approximately 6.5 km from the beaches of Benidorm, which takes around 10–12 minutes by car. Benidorm's Playa de Levante and Playa de Poniente are among the most visited beaches on the Costa Blanca, with a wide range of water sports, restaurants, and amenities. For quieter coves, the beaches around Altea and Cala de Finestrat itself are also within easy reach.
Yes. Operating any form of tourist accommodation in the Valencia region requires a VUT (Vivienda de Uso Turístico) licence or the appropriate commercial tourism licence for aparthotel-category properties. The licensing process involves submitting plans to the local Ayuntamiento (town hall) and the regional tourism authority. Given that a detailed 327-page project already exists for this property, prospective buyers have a significant advantage in terms of the planning and licensing groundwork already completed.
The Benidorm area consistently ranks among Spain's top-performing tourism destinations. Well-managed boutique aparthotels in the area typically achieve gross yields of 7–9% annually, with occupancy rates of 80% or higher during the summer season and strong shoulder-season demand driven by golf tourism, hiking, and Benidorm's year-round events calendar. A 12-room property at competitive nightly rates could generate substantial annual revenue.
Yes, Spanish banks do offer mortgages to non-resident foreign buyers. Typical terms for non-residents include a loan-to-value (LTV) ratio of 60–70% of the purchase or appraisal value, interest rates currently in the range of 3–4.5% (variable and fixed options available), and repayment periods of 15–25 years. For commercial or mixed-use properties such as this one, lending criteria may differ slightly from standard residential mortgages, and it is advisable to consult a Spanish mortgage broker early in the process.
The greater Benidorm and Finestrat area is home to a large and well-established international community, particularly from the UK, Scandinavia, and Germany. English is widely spoken in shops, restaurants, and medical facilities. The area has excellent healthcare infrastructure, with both public hospitals and private clinics nearby. International supermarkets, golf clubs, and a full range of leisure facilities make everyday life straightforward and enjoyable. The Mediterranean climate — with over 300 sunny days per year — is a major draw for retirees, remote workers, and entrepreneurs alike.
Finestrat is approximately 35 minutes by car from Alicante-Elche International Airport via the AP-7 motorway. A taxi will cost approximately €50–65 one way. There is also a regular bus service from Alicante to Benidorm (run by ALSA), from where local connections to Finestrat are available. Many residents and property owners in the area choose to hire or purchase a car, as Finestrat village itself is not well served by public transport.
The Finestrat–Benidorm corridor is one of the strongest property investment locations on the Costa Blanca. Benidorm receives over 12 million tourists per year and maintains tourism occupancy rates above 85% during peak season — among the highest in Spain. New residential urbanisations are expanding rapidly around Finestrat, land values are rising, and the area benefits from excellent infrastructure including motorway access, an international airport, and world-class leisure facilities. Property prices in Costa Blanca North have grown approximately 40% since 2020, and expert forecasts suggest continued appreciation of 5–8% annually over the medium term.
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Year of construction: 2000 Bedrooms: 1 Bathrooms: 1 Toilets: 1 Built: 960m2 Plot: 1.512m2 Kitchen: 1Digital viewings make it possible to conveniently meet the broker and get a viewing of the home directly on the mobile.
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