Building land 2 829 m², Kanfanar - project with permit
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 facility and accommodation for seasonal workers in Istria.
The building will consist of 2 parts. The first part contains 48 apart-rooms and 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 1 355.37 m².
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 250.61 m².
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 1 605.98 m².
There is a swimming pool within the apart-hotel.
- Construction permit: Valid
- Ownership: The property is owned by the company
- Ownership: 1/1
- Price: 500 000 €
- Agency commission: 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 €