Region: Crete
Prefecture / Location: click here for information about Crete
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: Border area
Accommodation
Type of Accommodation: Near the sea .
Hotel Facilities: Swimming pool, Restaurant of 100 people, pool bar, lounge.
Hotel view: Sea View
Distance from the beach: 350 meters
Other any properties between the real estate and the sea: No there are not
Beach landscape: Sandy
Number of Beds: 80
Total builded area in m2 : 1 500
Land size in m2 : 3 500
Land characterization : Outside urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks:
Available land attached (m2): 2 500 m2
Distance from
Airport: 65 km
Heliport:
Harbour: 15 km
City / Village: 15 km
Medical Center: 15 km
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators:
Wider area development: The location is the place where Greece meets the tropic. The warm climate makes this easternmost part of Crete one of the most fertile and almost exotic one. The interchange between vivid social life and relaxation is a characteristic of the place. It combines isolated beaches and fully equipped holiday resorts. Ancient and medieval stones and castles evoke memories of the long history of the island, which started off 5000 years ago.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 1 350 000
For the investor
Revenues of last year / € :
Operating Expenses of last year / € :
No. of employees :
Profit before Depreciations & Taxes / € : 180 000
Average yield of last year / % : 13,33 %
Payback period / years : 7,5
Average Occupancy of last year / % : from 85% to 90%
Government Financial Support: .
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