Region: Attica - Athens
Prefecture / Location: click here for info about Athens
Sale type: Sale of non operating hotel
Current Status: Not operating - permit not available
Alteration of use: It is permitted to alter the hotel's use
Suggested Usage: Medical center / Elderly center / Offices
Area Category: Not a border area
Accommodation
Type of Accommodation: City Hotel .
Hotel Facilities: Bar, Restaurant, Conference room of 250 persons.
Hotel view: Not with a particular view
Distance from the beach:
Other any properties between the real estate and the sea: .
Beach landscape: .
Number of Beds: 185
Total builded area in m2 : 2 770
Land size in m2 : 480
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks: The use of the hotel can change into a medical centre / offices / apartments etc.
Available land attached (m2): n/a
Distance from
Airport: 29 km from E. Venizelos Airport
Heliport:
Harbour: 12 km from Piraeus Port
City / Village: The hotel is located right in the heart of Athens
Medical Center:
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators:
Wider area development: The hotel is located right in the heart of Athens. Excellent access to all means of transportation.
Tax data
Type of Transaction: Company sale
Tax / Remarks:
Financial Data
Selling price € : 4 950 000
For the investor
Revenues of last year / € :
Operating Expenses of last year / € :
No. of employees :
Profit before Depreciations & Taxes / € : 1 450 000
Average yield of last year / % : 29,29 %
Payback period / years :
Average Occupancy of last year / % : from 85% to 90%
Government Financial Support: State Grant up to 20% on the investment
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