Building land 2 829 m², Kanfanar - project with permit

Kanfanar - Building land with a construction permit

Building land with an area of 2,829 m² with a final construction permit for the construction of an apart-hotel with 48 apart-rooms and 6 apartments, with a total area of 3,000 BRP. The project is conceived as a facility for accommodation and seasonal workers in Istria.

The property 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 includes a basement, ground floor and one floor.

The first building: basement, 1st and 2nd floor, with a total net usable area of 1,355.37 m².

Basement: 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.

First floor: accommodation units, open covered corridor, staircase and storage room.

Second floor: accommodation units, open covered corridor and storage room.

The second building: basement, ground floor and 1st floor, with a total net usable area of 250.61 m².

Basement: pool machine room and staircase.

Ground floor: accommodation unit, open covered corridor, staircase and storage room.

First floor: accommodation units, open covered corridor, staircase and 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: Yes
• Property ownership: In the company name
• Ownership: 1/1
• Price: 500,000 €
• Estimated total investment cost: 3,500,000 €
• Projection of the profit and loss account:
• Income: 327,000 €
• Operating costs: 142,000 €
• EBITDA: 185,000 €
• EBITDA %: 57%
• Depreciation and amortization: 129,000 €
• EBIT: 56,000 €
• Assessment year: EBITDA 390,000+
• EBITDA CAGR: 25% - 30%