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Hotel in Greece, 1800 sq.m. For Sale

Greece
7 000 000 €
3 890 € / sq.m.
Hotel in Greece, 1800 sq.m.
Hotel in Greece, 1800 sq.m.
Hotel in Greece, 1800 sq.m.
  • Area: 1800 sq.m.
  • Storeys count: 1
  • Rooms: 1

Description

Newly renovated building with an area of 1,800 sq. m. in the heart of Thessaloniki's city centre, close to the metro station (under construction). Part of the building (basement, ground floor, mezzanine and 1st floor: total area of 670 sq m) for rent for 10 000 euros per month major banking group with a long-term contract. The rest of the building with an area of 1,100 sq. m. leased by the same amount (€ 10,000 per month) under a 4-star hotel can be converted into a 5 star hotel as it has all the capabilities to do this. The hotel is filled to 80% per year, leading to very high annual yield. The floors are distributed as follows: - basement: boiler room and warehouse - ground floor: reception and mini-bar - 1st floor: 5 rooms 2nd floor: 6 rooms - 3rd floor: 5 rooms - 4th floor: 4 large suites - 5th floor: 4 large suites (under construction) or you can organize a garden on the roof of the Building is being sold as an investment project by counting the annual income, it can be concluded that buying it will pay off in 20-25 years. In addition, the operation of the hotel potential buyer can make investments even more effective with the depreciation of 15-20 years and with an annual income of more than 5.5%. Property price can be paid in installments.

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Details

  • To the sea: 480 meters
  • To historical city center: 17000 meters
  • To the airport: 17000 meters

Location

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