Hotel 1 130 m² in Thessaloniki, Greece

Greece
Archive cost €2,60M
Sold or out of date
Updated at: 05/03/2023

Location

Country: Greece
Region: Thessaloniki

Property parameters

Total area: 1 130 m²

Description

For sale building in the center of. Thessaloniki, in close proximity to the embankment of the city, seaport and Aristotle Square. The building requires reconstruction work as a result of which, it is possible to get a hotel with a room fund - 27 rooms. It is possible to place an additional source of income, restaurant and bar. Given the location of the facility, its profitability, taking into account investments in the acquisition of the facility and renovation work, will amount to 11 %, and the payback period will not exceed the mark of 10 years. A detailed business plan has been developed for this facility, and is available upon request.

Features

  • Sea view

Location

Greece