Business property investment – Hotel – Chranoi Messinias

About The Property

1. plot 6,838 square meters

2. 1143.92 square meters ground floor buildings

3.. 103.19 square meters swimming pool

4. 224.53 square meters main building

5. an auxiliary building for warehouses or staff accommodation

6. The outbuilding is 55.40 square meters

7. 13 apartments of 40 square meters each

8. an apartment for a mere 46 square meters

9. Each apartment consists of a bedroom, living-dining room, bathroom, terrace and living room

10. the houses can also become bigger by joining together

11. the largest building can become 2 or three houses by dividing it into smaller ones

12. the pool to be built will be shared

13. the utility house can be used for the staff who will maintain the entire Project or become another habitable building for exploitation

14. can be sold all together, or with percentages separately to separate owners

15. The sale price of the property is 900,000 in its current condition

16. The cost of completion is 1,714,500 This of course can be configured depending on the materials

17. if the income that will be generated based on the assessment that has been made in the surrounding area of ​​a total of 16 houses with a swimming pool for a minimum rental period of 90 days, (could be higher depending on the management) will function as rental apartments. , it is 216,000€ / season I repeat with the minimum estimates that have been made based on the data that the area has

18. The income is about 8% with the lowest calculations and of course it depends on the management that will be done for the maintenance and for the rental of the business

19. For sale to individual owners there are 17 houses in total or 16 and an auxiliary, they will start from €170,000 each to €280,000 depending on square footage. That is, total, from €3,200,000 to €3,400,000, i.e. the profit is from 22% to 28% in case of sale.