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


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

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Catalog #72263

Catagory: Business Opportunities / Investments
Dragon's Price: CONTACT US
Date Added: July 14, 2016 06:00
Page Views: 1

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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ADDITIONAL INFORMATION

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