Building land for Sale

Kanfanar – Project with construction permit Building land with an area of ​​2,829 m2 for the construction of an apart-hotel with 48 apart-rooms and 6 apartments, with a total area of ​​3,000 BRP. The project was conceived as a stationary and accommodation for seasonal workers in Istria. The building will consist of 2 parts, in the first part there are 48 apart-rooms and it consists of the ground floor and two floors. The second building consists of 6 apartments and consists of a basement, ground floor and one floor. The first building consists of a basement, 1st and 2nd floor with a total area of ​​1355.37m2. The basement consists of a reception, office, social rooms, gym, windbreak, kitchenette with storage, vestibule, toilets, cloakroom, laundry and self-service laundry, technical area, accommodation unit, open covered corridor, staircase, storage, terrace and ramp. The first floor consists of accommodation units, an open covered corridor, a staircase and a storage room. The second floor consists of accommodation units, an open covered corridor and a storage room. The second building consists of a basement, ground floor and 1st floor with a total area of ​​250.61m2. The basement consists of a pool machine room and a staircase. The ground floor consists of an accommodation unit, an open covered corridor, a staircase and a storage room. The first floor consists of accommodation units, an open covered corridor, a staircase and a storage room. The total net usable area of ​​both buildings is 1605.98m2. There is a swimming pool within the apart-hotel. Valid construction permit The property is owned by the company Ownership 1/1 Price: €500,000 Agency commission is 2% + VAT of the achieved price. Projection of the profit and loss account: Year P&L (Eur)Income 327,000 Operating costs 142,000 EBITDA 185,000 EBITDA % 57% Depreciation and amortization 129,000 EBIT 56,000 Year of assessment (Eur)EBITDA 390,000+ EBITDA CAGR 25% - 30%   Estimated total investment cost – €3,500,000 www.biliskov.com  ID- 12520