Region: Ionian Islands
Prefecture / Location: click here for info about Corfu
Sale type: Sale of operating hotel
Current Status: .
Alteration of use: The alteration of the hotel's use is not permitted
Suggested Usage: Hotel use . .
Area Category: Not a border area
Accommodation
Type of Accommodation: With private beach .
Hotel Facilities: Reception, Indoor bar, Restaurant, Living room, Game room, 1 Shop, Swimming pool, pool bar, Playground.
Hotel view: Sea View
Distance from the beach:
Other any properties between the real estate and the sea: No there are not
Beach landscape: Sandy
Number of Beds: 200
Total builded area in m2 : 5 000
Land size in m2 : 35 000
Land characterization : Outside urban planning
Remarks : .
Development potential
Further permitted building area (m2): 3 000 m2
Subprojects / Remarks: The area of the land plot is 35.000 square meters. The total builded area of the hotel is 5.000 square meters corresponding to 100 rooms, 200 beds. There is possibility for a further development of the hotel and for the building of another 3.000 square meters, which are nearly 100 rooms, 200 beds. The hotel’s final potentiality will be 200 rooms, 400 beds. The drawings are already made and they are about to be filed to the Ministry of Tourism.
Available land attached (m2): 160 000 m2 with private beach
Distance from
Airport:
Heliport:
Harbour:
City / Village:
Medical Center:
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators: TUI
Wider area development:
Tax data
Type of Transaction: Company sale
Tax / Remarks:
Financial Data
Selling price € : 10 000 000
For the investor
Revenues of last year / € : 1 000 000
Operating Expenses of last year / € : 650 000
No. of employees :
Profit before Depreciations & Taxes / € : 350 000
Average yield of last year / % : 3,5%
Payback period / years :
Average Occupancy of last year / % : Over 90%
Government Financial Support: State Grant up to 40% on the investment
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