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Hotel for Sale in Greece - Full Description
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Hotel Ref.: 1304/17 VIDEO 114 Back to Search results

At a Glance: Beachfront hotel for sale, it has 230-270 beds, swimming pool with seawater, restaurant, tennis courts. The facade of the property to the sea is 100 meters long

Region: East Sterea

Prefecture / Location:

Sale type: Sale of operating hotel

Property type: Hotel for sale with star rating

Current Status:

Alteration of use: The alteration of the hotel's use is not permitted

Suggested Usage: Wedding Hotel / Convention Hotel / Resort

Built in / year: 1985 - 1997

Last Renovation / year: 2012


Accommodation

Type of Accommodation: Beachfront Hotel for sale / With private beach

Hotel Facilities: 2 Tennis courts, 1 Basketball court, 1 Swimming pool with seawater, 1 outdoor Jacuzzi, 1 Coffee bar, 1 Playground, 1 small fitness room, Relaxation rooms, Billiard room, TV room, Restaurant, Conference rooms, Parking for more than 150 cars, Church

Room Facilities:

No. of elevators: 3 elevators

Max No. of Levels (floors): 3 levels

No. of buildings: 5 Buildings

Hotel view: Sea View

Between the hotel and the beach: There are not any properties

Beach landscape: Sandy

Number of Beds: min 230 - max 270


Total builded area in m2 : 6 000

Land size in m2 : 31 700

Land characterization : Outside urban planning

Remarks : The facade of the property to the sea is 100 meters long. Hotel property for sale in Greece.

Development potential

Further permitted building area (m2): 3 300 m2

Subprojects / Remarks:

Available land attached (m2): n/a

Distance from

The beach: Beachfront hotel for sale

Airport: 90 km

Heliport:

Seaplane Terminal: n/a

Harbour: 4 km

City / Village: 3.5 km

Medical Center: 5 km

Marketing Data

The hotel operates: 12 months

Agreement with Tour operators:

Wider area development: with 3 and 4 star hotels

Tax data

Type of Transaction: Company sale

Tax / Remarks: The transfer of shares in a Society Anonymous is taxed at 5 %.

The share transferor (Vendor) has the obligation to pay the tax. In practice however, it is usually agreed that the tax will be paid by the Purchaser. The tax that is due is paid to the INTERNAL REVENUE SERVICE (DOY). The tax must be paid, in order that the transfer of the Society Anonymous may be considered to have been completed.

The calculation of the share value is carried out by the Internal Revenue Service (DOY) and is not dependent upon the value that has been declared by the Vendor and the Purchaser in their agreement. The tax rate of 5 % is applied to the value that will be calculated by the Internal Revenue Service (DOY). In the event however, where the Vendor and the Purchaser have declared a value that is higher than that calculated by the Internal Revenue Service (DOY), they will then be taxed on this higher value.

Financial Data

Selling price : 10 500 000 (Updated: Oct, 2017)

For the investor

Revenues / € :

Operating Expenses / € :

No. of employees :

Profit before Depreciations & Taxes / € :

Average yield / % :

Payback period / years :

Average Occupancy / % :

Government Financial Support:


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