HOTEL «OCEAN» 4* SUPERIOR MARIBOR, PODRAVSKA, SLOVENIA
AREA SIZE: 601,62 m2
PRICE: 1 000 000 €
MORTGAGE : appr. 3% a year from The Bank of Slovenia
PROFITABILITY: 8% per year\ 12 years
PROFITABLENESS: 80 000 € per year\ 6 670 € per month
SITUATION: Hotel «Ocean» is situated in a center of Maribor, in proximity there are bus and train stations.
The building was built in 1950. It was fully renovated in 2008 (facade, wiring, roof + windows) The hotel consists of 4 floors Total number of rooms – 23 (50 beds) New kitchen and a small restaurant All the rooms are of the same rank, and some rooms have Jacuzzi Monthly maintenance costs of the building – 1 500 EURO The hotel has a land area of 268 m2
MAINTENANCE: no repairs is needed.
TENANT / LEASE TERMS: the property can be redeemed on the condition of searching management company or the tenant.
EXPERT EVALUATION: this hotel is in the center of the city. This is one of the few quality 4 star hotels. In the case of correct management and customer engagement – you can expect a pretty good pay back. In case of interest we can arrange a meeting with a potential company–tenant.
The calculation of the project recoupment is made on the basis of the minimum lease computation. Also, we do not take into consideration the potential discount for a real buyer.
By the way, you can buy this property in mortgage from 3% a year.