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Hotel for Sale in Greece - Full Description
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Hotel Ref.: 1305/18 Back to Search results

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: State Grant up to 50% on the investment


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