At a Glance: Beachfront - Seafront hotel for sale, 120 beds, excellent location, plot 3 666 m2. The hotel needs renovation.
Region: East Sterea
Prefecture / Location:
Sale type:Sale of operating hotel
Property type:Hotel for sale with star rating
Current Status:
Alteration of use: It is permitted to alter the hotel's use
Suggested Usage: Hotel use / Residential use / Elderly center
Built in / year: 1974
Last Renovation / year: 1981
Accommodation
Type of Accommodation:Seafront Hotel for sale/ Family Hotel
Hotel Facilities: Lobby area 100 m2, 1 Restaurant 200 m2, 1 indoor Bar 120 m2, 1 Beach bar 400 m2
Room Facilities:
No. of elevators: 2 elevators
Max No. of Levels (floors): 4 levels
No. of buildings: 2 Buildings
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: 120 Beds (62 rooms)
Total builded area in m2 : 2 762 the main hotel + 400 m2 the beachbar
Land size in m2 : 3 064 the plot of the main hotel + 400 m2 the plot of the beachbar
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks:
Available land attached (m2):n/a
Distance from
The beach:Beachfront
Airport:85 km
Heliport:
Seaplane Terminal:
Harbour: 800 meters
City / Village: 500 meters
Medical Center: 5 km
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators: from Austria
Wider area development: Beach bars, Restaurants, Basketball courts, football fields, Wind Surfing, Tennis Courts, Water Skiing, Shops and many other activities
Tax data
Type of Transaction: Property sale
Tax / Remarks:
Financial Data
Selling price € : 2 200 000 (Updated: Nov, 2016)
For the investor
Revenues / € :700 000
Operating Expenses / € :400 000
No. of employees : 6 employees X 12 months
Profit before Depreciations & Taxes / € :300 000
Average yield / % :
Payback period / years :
Average Occupancy / % :
Government Financial Support: There is a free Financial Support on the investment