Tourist complex with great development potential: two hotels, a restaurant, sports facilities, a pond and a large plot for building

Additional information is provided after the signing of an NDA

Tourist complex with great development potential: two hotels, a restaurant, sports facilities, a pond and a large plot for building

3,900,000 €
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Total area: 4,000 m² Yield: 6.0% Built in 1990
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Features
  • Operating Incomе: 200,000 €
  • Land area: 35,300 m²
  • 4-floor building
  • Occupancy: 100%
  • Minimum owner's capital: 2,000,000 €
  • Most recent total renovation: 2011
  • Leasable area: 3,500 m²
  • Loan size: 50% of the value of the object
  • Rate: 2.5%
  • Loan term: 20 years
  • End of lease: 2020
  • Notary (state registration): 3.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%
  • Total rooms: 67
  • Hotel rating: 4
  • Balcony or terrace
  • Internet
  • TV
  • Furnished
  • Golf course
  • Swimming pool
  • Garden
  • Car parks
  • Mountain view

Hotel 1. ”The Family hotel“, category 3 stars, has 34 rooms and a restaurant for 115 seats. It is located on a plot of 2.8 hectares. The total area of the two buildings is approx. 1.700 sq. m. Next to the hotel there are indoor and outdoor tennis courts, as well as a large parking for cars. The restaurant is leased out.

All rooms are in excellent condition, equipped according to the class of the hotel 3 *, each room has a shower/ toilet and a south facing balcony.

There is a natural stream and there a small pond on the territory of this hotel. The developed territory of the hotel adjoins a land plot, suitable for building. This undeveloped site is ideal for extending an existing one, or for building a new hotel or other touristic project.

Hotel 2. The 4-star Wellness Hotel is located on the site of 7.380 m², has 31 double rooms and two suites. The area of the whole building is 1.684 sq. m. On the top floor is the manager's apartment (approx. 110 m²). On the ground floor there is a reception desk and a cozy restaurant for breakfasts. 

The wellness area (approx. 80 sq. m.) consists of a sauna, a shower room, a whirlpool, a relaxation room and a solarium. In summer, there is a swimming pool in the garden for guests.

The hotel was built in 1990 and was constantly updated and improved. Every five years, the owners invested in the building, so it is in very good condition.

Loan

It is discussed with local banks individually.

Typically the one can count on 40 – 50% of the purchase price at 2–3% per annum for 10 – 15 – 20 years.

Tenants

The current owner and manager of the complex is welling to manage the hotel for the new owners within the next two to three years based n the rental contract.

During these years, new owners will receive about 5% of the investment amount and will be able to take over the business and learn from its founder. 

Transaction costs

Ancillary Expenses in Austria are set by law and they are calculated as percentage of the Gross purchase price: 

  • Real property transfer tax 3.5% 
  • Land Register registration fee (title to property) 1,1% 
  • Costs of drafting of the contract, as well as cash 
  • Commission for the agent 3.6% (incl. VAT) 
  • Notaries, clerical, stamp duty 150 — 500 euro per contract 
  • expenses for certifications and stamp duties. 1.2%- 2.4% (incl. VAT)

In addition to the mentioned above mandatory associated costs when buying property in Austria, you may experience the following expenses: translations of the documents; Interpreting (during signing the contract) by the sworn translator; Costs for a loan/ mortgage; tax advisory etc

Location and nearby objects

The complex is located in the southeast of Austria, near the borders with Hungary and Slovenia.

Tourists are attracted to this region:

  • The largest in Austria and one of the largest in Europe SPA-complex with thermal water. Annually it is visited by approx. 600.000 tourists
  • 27 hole golf course
  • local cuisine and wine

More properties

If this property wasn’t for you, take a look at other hotels for sale in Austria.

You can see more hotels for sale in Fürstenfeld elsewhere on our website.

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Enquire about this hotel
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 2% annually
    • Construction site audits
    • Management company services