Hotel 1 150 m² in Zakynthos Municipality, Greece

Greece, Zakynthos Municipality, Zakynthos Municipal Unit
$1,95M
$1,693/m²
;
ID: 2162773
Property ID on Realting
Last update: 28/03/2024

Location

  • Country
    Greece
  • State
    Peloponnese, Western Greece and the Ionian
  • Region
    Ioanian Islands
  • City
    Zakynthos Municipality
  • Address
    El. Venizelou

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $1,693/m²
  • Rooms
    Rooms
    23
  • Total area
    Total area
    1 150 m²

Description

Seafront Hotel Zakynthos

Seafront Hotel Zakynthos Greece sale, Hotel for sale in Greece, Seafront hotel for Sale Ionio Greece, Real Estate Greece

Presenting a captivating opportunity to own a seafront hotel in the serene locale of Drosia, Kypseli, just 12 km from Zakynthos town. This newly constructed neoclassical-style hotel offers a picturesque setting by the sea, boasting a parking lot and a garden, making it an ideal retreat for families with children.

The surrounding area is very peaceful, green, quite cool in summer with very clean seawater.

Also, at a distance of 700 m. away there are a bakery – confectionery, a petrol station, a butcher’s and a super market. There is aslo a small harbor 100 m. away, where you can safely leave your boat.

Near the apartments ( 500 m ) there is the most spectacular beach

BUILDINGS:

2 Buildings 450 sqm + 550 sqm ( created in 2023) =1000 sqm

Total: 6 studios +3 double bedrooms apartments + 1 three bedroom apartment + 2 suites + 3 two level maisonettes.

New Restaurant 45 sqm that serves also the beach ( created in 2024)

New Reception of 45 sqm ( created in 2024)

 

FINANCIALS:

Financially, the hotel has demonstrated strong performance, with operational income reaching 300,000 euros in 2023 and operational expenses totaling 75,000 euros. With the addition of the new restaurant in 2024, projected pre-tax income for the year is expected to increase, presenting a promising investment opportunity in Zakynthos’ flourishing hospitality sector.

Operational income of  2023: 300.000 euros – Operational Expences 2023: 75.000 euros

Pre Tax income of 2023: 225.000 euros ( This year will be higher since it is the first time that will operate the new resstaurant)

Greek island of Zakynthos in Tripadvisor’s top 25 trending destinations globally

The spectacularly beautiful Greek island of Zakynthos was among Tripadvisor’s top 25 trending destinations in the world for last year.

Tripadvisor is the world’s largest travel platform. Travelers use the site and app to browse 859 million reviews and opinions of 8.6 million accommodations, restaurants, experiences, airlines and cruises.

The website notes that “the Ionian Islands are splendid, cinematic paradise. The waters are bluest blue, the sands are achingly silky and smooth. Everything looks heavily Photoshopped. But that’s just Mother Nature, in all her unspoiled glory. Zakynthos is the largest of the Ionian Islands, and it’s as fruitful as it is beautiful, boasting a bounty of crops like olives and grapes. Music is a huge part of the local culture—you can catch a concert or festival almost any night of the week, and you’ll be captivated by the sights and sounds of Zakynthos performers.”

Location on the map

Greece, Zakynthos Municipality, Zakynthos Municipal Unit
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