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005/ Apart Hotel offer for sale.6th May 2016



URGENT ACTION FOR DISCOUNT PRICE HALF ITS VALUE

​

We have the opportunity to sell one Freehold Apart Hotel

80 apartments at Nuevo Andalucía ‘Marbella’ - Spain .



New construction (work-in-progress) ​ ​90% complete ​ .​

Reason for sale ​ ?​ Developer has run out of money.



Full details below and enclosed .



The Sale Price negotiation is ​ FIRE SALE PRICE Euro 7 ​million



Aparthotel what the value………a good question ?…25th June 2016



Plot size 9,265 m/2



Build size 13,000 m/2 cost to construct circa €1100 / €1300 m/2 take average €1200 = €15,600.00



Say 50% present value… = €7,800,00 x as it stands…



Plot / Land Value circa … = €1,720,00 x (1.8 acres) potential to build a 2-bedroom

development on 4 floors. Site developers will allow / pay per plot

Say €20,000 x 86 apartments possible…



x x = €9,500,00

Cost to completion = say less - = €2.500,00 including fees?



So we estimate the value at €7m



= €7,000,00 ​0​+ buyers agent’s commission / fees…….



Errors & Omissions Excepted ( E&OE)

To start we MUST have buyers mandate and expression of serious intent



If you need further information or assistance please do not hesitate to contact



NO TIMEWASTERS

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