Region: Crete

Prefecture / Location: click here for information about Crete

Sale type: Sale of operating hotel

Current Status: .

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

Suggested Usage: Super market / Residential use .

Area Category: Border area

Accommodation

Type of Accommodation: Near the sea .

Hotel Facilities: 2 Swimming pools one for adults and one for children, indoor bar, reception for 100 people.

Hotel view: Sea View

Distance from the beach: 200 meters

Other any properties between the real estate and the sea: No there are not

Beach landscape: Sandy

Number of Beds: 108


Total builded area in m2 : 850

Land size in m2 : 4 000

Land characterization : In urban planning

Remarks :

Development potential

Further permitted building area (m2): There is a building permit for 10 more rooms.

Subprojects / Remarks:

Available land attached (m2): n/a

Distance from

Airport: 17 km

Heliport:

Harbour: 17 km

City / Village: 17 km

Medical Center: 17 km

Marketing Data

The hotel operates: 6 months

Agreement with Tour operators:

Wider area development: The area has great and all the facilities can be found.

Tax data

Type of Transaction: Company sale or Property sale

Tax / Remarks:

Financial Data

Selling price € : 2 400 000

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 / % : from 65% to 70%

Government Financial Support: .

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