At a Glance: Seaside smal hotel for sale, 80 beds, swimming-pool, 350 m from the beach. Location combines isolated beaches and fully equipped holiday resorts
Region: Crete
Prefecture / Location: click here for information about Crete
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 / /
Built in / year: 1985
Last Renovation / year: 2002
Accommodation
Type of Accommodation: Near the sea /
Hotel Facilities: Swimming pool, Restaurant of 100 people, pool bar, lounge.
Room Facilities:
No. of elevators:
Max No. of Levels (floors):
No. of buildings:
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: 80
Total builded area in m2 : 1 500
Land size in m2 : 3 500
Land characterization : Outside urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks:
Available land attached (m2): 2 500 m2
Distance from
The beach: 350 meters
Airport: 65 km
Heliport:
Seaplane Terminal:
Harbour: 15 km
City / Village: 15 km
Medical Center: 15 km
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators:
Wider area development: The location is the place where Greece meets the tropic. The warm climate makes this easternmost part of Crete one of the most fertile and almost exotic one. The interchange between vivid social life and relaxation is a characteristic of the place. It combines isolated beaches and fully equipped holiday resorts. Ancient and medieval stones and castles evoke memories of the long history of the island, which started off 5000 years ago.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 1 650 000 (Updated: Nov, 2016)
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees :
Profit before Depreciations & Taxes / € : 180 000
Average yield / % : 10.90
Payback period / years : 9.17
Average Occupancy / % : from 85% to 90%
Government Financial Support: There is a free Financial Support on the investment
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