Investments
Overview of the category
Thursday 17th July 2008
Invest on Crete “Hotel & Apartments in Adele”
Location:Crete
Area: Rethymnon/ Adele
Property Type: Hotel Apartments
Land Area: 1150 m2
House Floor Area: 1100 m2
House Specifications:Rooms: 24
In the Area: Hotels, Restaurants, Bars, Sea and sandy beach 50 m from the Hotel, Rethymnon down town 7 Kms.
Parking: Yes
Viewing Instructions: By Appointment, call 0030 6974 551499mailto: info@my-place-on-crete.com
Price: On request €.
Discription
A small hotel, with 21 apartments and 3 shops at the ground floor, is very easy to handle and it is situated at the best area out side Rethymnon. Lots of activities and night life that exists around in the area, 50 meters from the sea frond and the proximity to the town, gives to this hotel large advantage to be full through out the tourist season. It can also accommodate guests in the winter time.
A large adults swimming pool and a smaller one for children plus the beautiful rose garden at the back turn the hotel to a nice quite and relaxing place in a very well developed tourist area.
It is an ideal opportunity for investment and work under the bright Cretan sun.
Also bank financing is available.
For further information and details do not hesitate to get in touch.
Wednesday 02nd July 2008
Invest on Greece “Parking Garage & Car Wash in Athens”
Parking Overview:
· Eight ( 8 ) upper levels with a parking capacity of seventeen (17) cars per level total of 136.
· Seven (7) basement levels with a parking capacity of twenty five (25) cars per level total of 175.
· Ground level (entry/exit) has a management office 12m/sq and cashiers office 5m/sq as well as 14 parking spaces.
· Total Parking Capacity: 325 spaces.
· All floors lighting are activated by sensors.
· Ninth (9th) floor approx 280sq/m reserved for office space.
· Roof terrace approx 280sq/m has been requested for rental (20sq/m) for installation of GSM antenna.
· Car wash has been allocated 60sq/m on the –1 level. Approval has been granted.
· Two (2) Kleeman car elevators max/speed 0.65m/sec powered by electric motors with inverters.
· One (1) Kleeman passenger elevator max/speed 1.2m/sec powered by electric motor with inverter.
· Operating and control system of parking Developed and installed byScheidt-Bachmann , Germany . Serviced by SCAN S.A, Greece .
Price on request.
Monday 19th May 2008
Zakynthos “Sun City Project”
Location: Zakynthos
Property Type: Land Development
Land Area: 15.000.000 m2
House Floor Area: Up to 400.000 m2
House Specifications: Hotels, Tourist Resorts, Villas
Rooms:
In the Area: Airport, Harbor,Marina,
Parking:
Viewing Instructions: By Appointment, call 0030 6974 551499
mailto: info@my-place-on-crete.com
Price: See details forward.
DESCRIPTION OF SITE
Ionian Islands are a chain of beautiful Islands, spending from south to north, on the west part of Greece.
Zakynthos is the most south of the Ionian Islands of Greece west of
Peloponnesus. The island is 406 square kilometres large and it has 132, 2 kilometres of seashore. The climate in Zakynthos is very mild and the tourist season lasts for 9 months, from March till November.
The plot in whichZAKYNTHOS CITY is to be developed is on the west side of the island and has an area of 15.000.000 m2 and 21 kilometres of seashore.
The landscape is very green and is made of a great variety of hills and valleys, ravines and peaks, which roll towards the sea and provide unobstructed view from all locations.
Within the plot is also located the famous ship wreck beach and the Vromi fiord which is a natural harbour able to accommodate more than 500 yachts.
BUILDING REGULATIONS
Within the total area of 15.000.000 m2 there are forest zones which the authorities will preserve as areas of exceptional beauty. These zones are characterized as privately owned forest so it could be fenced and used for sport activities but no buildings will be allowed in these areas.
In order to develop the plot it is necessary to apply to the authorities a request of zoning characterization, which will specify the zones in which to build.
It is expected that at least 2.000.000 m2 will be licensed for hotel and villas development. In this case the Total Gross Floor Area (GFA) will be 20% of the 2.000.000 m2. It means at least 400.000 m2 of Total Gross Floor Area will be able to be built.
From the floor area of 400.000 m2, half of it will be for tourist development (hotels, resorts, etc) and the rest 200.000 m2 will be privately owned villas.
The cost for the zoning and urbanization studies, that are necessary for the initial licences, will be approximately 1.000.000 €.
PRICE OF THE SITE
The price of the site in cash is 30.000.000 €.
The participation on an existing land development project plan is up to 50 % of the land value. No other form of cooperation will be accepted by the owners.
PROFITABILITY
Based on the minimum of the expected Total Gross Floor Area (GFA) of 400.000 m2 the cost of the land /m2 of building is 75 €.
The cost of the infrastructure is estimated to reach the sum of 300 € / m2 of building.
The building cost is estimated to be 800 € / m2.
The cost of financing will be approximately 200 € / m2.
Total cost of building will be approx. 1.400 € /m2.
Sale value of building will be above 2.500 € / m2.
Profitability is estimated to be around 80 %.
