Kanfanar – Project with construction permit
Building land with an area of 2,829 m2 for the construction of an apart-hotel with 48 apart-rooms and 6 apartments, with a total area of 3,000 BRP.
The project was conceived as a stationary and accommodation for seasonal workers in Istria.
The building will consist of 2 parts, in the first part there are 48 apart-rooms and it consists of the ground floor and two floors. The second building consists of 6 apartments and consists of a basement, ground floor and one floor.
The first building consists of a basement, 1st and 2nd floor with a total area of 1355.37m2.
The basement consists of a reception, office, social rooms, gym, windbreak, kitchenette with storage, vestibule, toilets, cloakroom, laundry and self-service laundry, technical area, accommodation unit, open covered corridor, staircase, storage, terrace and ramp.
The first floor consists of accommodation units, an open covered corridor, a staircase and a storage room.
The second floor consists of accommodation units, an open covered corridor and a storage room.
The second building consists of a basement, ground floor and 1st floor with a total area of 250.61m2.
The basement consists of a pool machine room and a staircase.
The ground floor consists of an accommodation unit, an open covered corridor, a staircase and a storage room.
The first floor consists of accommodation units, an open covered corridor, a staircase and a storage room.
The total net usable area of both buildings is 1605.98m2.
There is a swimming pool within the apart-hotel.
Valid construction permit
The property is owned by the company
Ownership 1/1
Price: €500,000
Agency commission is 2% + VAT of the achieved price.
Projection of the profit and loss account:
Year P&L (Eur)Income 327,000
Operating costs 142,000
EBITDA 185,000
EBITDA % 57%
Depreciation and amortization 129,000
EBIT 56,000
Year of assessment (Eur)EBITDA 390,000+
EBITDA CAGR 25% - 30%
Estimated total investment cost – €3,500,000
www.biliskov.com ID- 12520
