Region: Saronic Gulf Islands

Prefecture / Location:

Sale type: Sale of operating hotel

Current Status: .

Alteration of use: It is permitted to alter the hotel's use

Suggested Usage: Medical center / Elderly center / Residential use

Area Category: Not a border area

Accommodation

Type of Accommodation: On the beach .

Hotel Facilities: Swimming pool, Restaurant of 160 people, indoor bar, fitness center, Billiards hall.

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 & Rocky

Number of Beds: 120


Total builded area in m2 : 3 350

Land size in m2 : 1 350 m2

Land characterization : In urban planning

Remarks :

Development potential

Further permitted building area (m2): n/a

Subprojects / Remarks:

Available land attached (m2): 1 200 m2

Distance from

Airport: 60 km

Heliport:

Harbour: 8 km

City / Village: 3 km

Medical Center: 3 km

Marketing Data

The hotel operates: 8 months

Agreement with Tour operators:

Wider area development: The island is a beautiful, verdant island, located just 17,5 nautical miles from Piraeus Port. It is characterized by its idyllic landscape, important history and island charm. The Island is a wonderful destination for vacations all year round. Its close proximity to Athens and in general Mainland Greece, means that it is a popular weekend holiday spot for many Athenians, as well as vacationers in Athens who want to do a bit of island hopping. The island has an excellent tourist infrastructure.

Tax data

Type of Transaction: Company sale or Property sale

Tax / Remarks:

Financial Data

Selling price € : 3 150 000

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 / % : 7,90 %

Payback period / years :

Average Occupancy of last year / % : from 40% to 50%

Government Financial Support: .

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