Region: Macedonia
Prefecture / Location: click for info about Chalkidiki
Sale type: Sale of project
Current Status: In procedure of building permit for 5* Hotel
Alteration of use: It is permitted to alter the hotel's use
Suggested Usage: Hotel use / Condo hotel use / Residential use
Area Category: Not a border area
Accommodation
Type of Accommodation: On the beach .
Hotel Facilities:
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: 811 beds are provided, according to the designs for the building of a hotel.
Total builded area in m2 :
Land size in m2 : 74 000
Land characterization : Outside urban planning
Remarks : The Permitted building area is 15 900 square meters (m2) for the building of a hotel or 7 920 square meters (m2) for the building of luxury villas for residential use. It is also possible to build a Condo Hotel.
Development potential
Further permitted building area (m2):
Subprojects / Remarks: There are 3 choices. 1st CHOICE: To build a hotel. The study for a hotel project is for 304 units (126 rooms, 153 apartments, 25 suites). The total surface of the hotel comes up to 15 900 square meters (m2). 2nd CHOICE: To build luxury villas. The land is divided into 24 plots that can be built for residential use (24 villas), the total surface of which comes up to 7.920 square meters (m2). 3rd CHOICE: To build a Condo Hotel. The land and the study of the project are included in the price of sale.
Available land attached (m2): n/a
Distance from
Airport: 70 km
Heliport:
Harbour:
City / Village:
Medical Center:
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators:
Wider area development:
Tax data
Type of Transaction: Company sale
Tax / Remarks:
Financial Data
Selling price € : 11 500 000
For the investor
Revenues of last year / € :
Operating Expenses of last year / € :
No. of employees :
Profit before Depreciations & Taxes / € :
Average yield of last year / % :
Payback period / years :
Average Occupancy of last year / % : .
Government Financial Support: State Grant up to 30% on the investment
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