Business for Sale

Beachfront Hotel ref.1034: Unique investment opportunity in an upcoming destination of Messinia, Perfectly located on sandy beach, Plot 2,816 m², Two Buildings of 1,200 m² in total. This beachfront hotel with 20 Furnished Apartments is in the area of Agios Andreas – Messinia. The hotel was built in three phases from 1975 to 1988. It is in operation but in need of serious renovation. The plot is measuring 2,816 m². Part of the plot of 215 m² is located within the borderline of the sandy beach. There are two buildings on the plot. The building No1 is the hotel accommodation with furnished apartments, reception and storage areas. The building is divided into 4 sections. One section of 209 m² accommodates storage areas, boiler room and reception area. The other three sections accommodate the 20 furnished apartments spread with a total area of 788 m². The total area of the Building No1 is 997 m². The Building No2 is built on two levels and it used as a kitchen, dining room and hotel owner’s residence. The ground floor is measuring 123 m² consisting of kitchen - living room). Part of the ground floor of 41.51 m² is built within the borderline of the beach. The upper floor is measuring 67.57 m² and is the residence of the hotelier. With a total area of habitable apartments of approximately 1000 m², built right on the beach, with access via an asphalt road, at only 750 meters from the settlement and the shops, it is an excellent and rare investment proposal. With a serious renovation it can be turned into a wonderful beachfront Boutique Hotel in an area with amazing beaches, with traditional villages and towns, with protected natural and historical monuments. The area where the new Luxury Golf Resort will be constructed soon, is only 15 minutes’ drive away while the International Airport of Kalamata (KLX) is 35 minutes’ drive away. Price: €1,500,000.00 Buyer’s Expenses: • Value of purchase • Property Transaction Tax: 3.09% of the purchase price • Notary: approximately 1.5% - 2% of the purchase price • Title Registration Fee: 0.52% of the purchase price • Lawyer’s Fee (upon agreement between the Purchaser and the Lawyer) • Civil Engineer – Surveyor (optional) • Real Estate Fee: 3,72% on top of the purchase price, incl. VAT 24% The above description is based on plans and other information provided to Theasis Real Estate by the property owners. Theasis Real Estate makes every possible effort to provide valid information regarding the properties, as well as to check the information provided by the sellers, but does not bear any responsibility for the correctness of these information or for any omissions in the description of the properties. Also, Theasis Real Estate does not bear any responsibility for any change in this information, in case there has been no relevant written notification from the sellers.