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 / Resort / Spa Hotel
Built in / year: 1999
Last Renovation / year: 2010
Accommodation
Type of Accommodation: Beachfront Hotel for sale / On the beach
Hotel Facilities: Reception area 158 m2, 1 club / bar 267 m2, 1 pool bar 55 m2, Fitness center 50 m2, Kid's club 86 m2, indoor Restaurant 350 m2, Outdoor Taverna (150 seats), 1 Swimming pool 300 m2, Spa.
Room Facilities:
No. of elevators: There are no elevators
Max No. of Levels (floors): 3 levels
No. of buildings: 8 Buildings
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: min 144 - max 200 beds
Total builded area in m2 : 3 438
Land size in m2 : 14 642
Land characterization : In urban planning
Remarks : The facade of the property to the sea is 100 meters long.
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks: n/a
Available land attached (m2): n/a
Distance from
The beach: Beachfront
Airport: 35 km
Heliport:
Seaplane Terminal:
Harbour: 33 km
City / Village: 800 meters
Medical Center: 300 meters
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators: UK and 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: Property sale
Tax / Remarks:
Financial Data
Selling price € : 6 900 000 (Updated: May 7, 2016)
For the investor
Revenues / € : 1 100 000
Operating Expenses / € : 505 000
No. of employees : 20 employees X 6 months
Profit before Depreciations & Taxes / € : 595 000
Average yield / % : 8.1
Payback period / years : 12.3
Average Occupancy / % : from 80% to 85%
Government Financial Support: There is a free Financial Support on the investment
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