Region: Crete
Prefecture / Location: click here for information about Crete
Sale type: Sale of non operating hotel
Current Status: .
Alteration of use: The alteration of the hotel's use is not permitted
Suggested Usage: Hotel use . .
Area Category: Border area
Accommodation
Type of Accommodation: On a mountain .
Hotel Facilities: Swimming pool, Restaurant for 60 people, indoor bar, pool bar, video room, etc.
Hotel view: Sea & Mountain View
Distance from the beach: 15 km
Other any properties between the real estate and the sea: Yes there are
Beach landscape: .
Number of Beds: 56
Total builded area in m2 : 1 320
Land size in m2 : 42 000
Land characterization : Outside urban planning
Remarks :
Development potential
Further permitted building area (m2): 1 300 m2
Subprojects / Remarks: It is a 5* hotel built in 2007. It consists of 14 suites and 1300 more m2 can be built.
Available land attached (m2):
Distance from
Airport: 92 km
Heliport:
Harbour: 38 km
City / Village: 15 km
Medical Center:
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators:
Wider area development: The hotel is in a picturesque village of Crete.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 3 300 000
For the investor
Revenues of last year / € :
Operating Expenses of last year / € :
No. of employees :
Profit before Depreciations & Taxes / € : 250 000
Average yield of last year / % : 7,57
Payback period / years :
Average Occupancy of last year / % : from 60% to 65%
Government Financial Support: .
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