The hotel for redevelopment.
The cost of the property includes a plot with a hotel with 20 rooms and an approved reconstruction project.
According to the project, the hotel will be converted into of 10 luxury apartments, some apartments will have an access to the garden and to the terrace.
There is a swimming pool, a tennis court and a parking on the territory of the property.
Costs of basic decoration, kitchens and plumbing are 4,000,000 €.
Projected minimum revenue from the sale is 23,000,000 €.
Location and nearby objects
The property is located in 3 km from the center of the resort town with a population of more than 70 thousand people. A bus stop, shops and a beach are situated close to the hotel. The airport can be reached in 30-minute drive.