At a Glance:
Region: Ionian Sea
Prefecture / Location: CORFU
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: Hotel use / Wedding Hotel /
Built in / year: 2000
Last Renovation / year: 2013
Accommodation
Type of Accommodation: Beachfront Hotel for sale / On the beach
Hotel Facilities: Reception area, Taverna, Bar, Swimming pool
Room Facilities:
No. of elevators: 1 elevator
Max No. of Levels (floors): 2 levels
No. of buildings: 3 Buildings
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: min 75 - max 103 (28 apartments)
Total builded area in m2 : 1 600
Land size in m2 : 4 600
Land characterization : In urban planning
Remarks : The facade of the property to the sea is 70 meters long.
Development potential
Further permitted building area (m2): 1 600 m2 (+120 beds)
Subprojects / Remarks: Tennis Court, Basketball Court, Shops
Available land attached (m2): 12 000
Distance from
The beach: Beachfront
Airport: 35 km
Heliport:
Seaplane Terminal:
Harbour: 500 meters
City / Village: 300 meters
Medical Center: 300 meters
Marketing Data
The hotel operates: 7 months
Agreement with Tour operators: from Germany
Wider area development: The island combines the charm of authentic Ionian architecture with a lifestyle. The island’s trendy restaurants and bars, luxury 5 star hotels, fantastic sea and beaches attract the world’s rich and famous.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 3 750 000 (Updated: May, 2017)
For the investor
Revenues / € : 500 000
Operating Expenses / € : 150 000
No. of employees : 10 employees X 6 months
Profit before Depreciations & Taxes / € :
Average yield / % :
Payback period / years :
Average Occupancy / % : Over 90%
Government Financial Support: There is a free Financial Support on the investment
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