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Listing Id: 13738 Last Refreshed: 07/05/2019 1038 Views

4* Private Beach Resort In Greece For Sale

Expired
Asking Price <span class='currency'>€</span>4,500,000
This listing has Expired

This listing is no longer active and is not accepting enquiries. The seller may renew it to make it available again.

Overview

Financial Performance

Annual Figures
Revenue
€200K - 500K
Gross Profit
€200K - 500K
Net Profit
€100K - 200K
Monthly Rentalt
Not Provided

Business Operations & Assets

Year of Incorporation
1970
Owner Role
Full Time

Business Details

Reason For Sale

Retirement

Description

This beautiful well known seaside hotel has 93 rooms and has been fully renovated, with the recent renovation (cost. 3.000.000€) ending in 2008.

It is a fully operational seasonal hotel, with annual turnover 1.200.000 € until recently. Strategically located in the suburbs of Patras, 9 minutes from the university hospital of Patras, in the picturesque village of Psathopyrgos surrounded by olive gardens. Near many archaeological sites (Delphi, Olympia, Kalavryta) 40 minutes from Araxos airport and 90 minutes from Athens and Athens airport by car or suburban rail.

The main 4-storey building 3.500 sq. m, has 93 rooms, all double and triples,a Spa, 2 Restaurants, Conference room, outdoor fresh water swimming pool, pool Bar, tennis court, volley ball court and a 50 sq. m. penthouse apartment overviewing the village, ideal for owner - manager.

The second building 130 sq. m. (owners house) has 3 bedrooms, open kitchen-dining-living room (70 sq. m.), large sunny veranda (50 sq. m.) and a large garden. This 2-storey building has 5 more rooms on the ground floor, ideal for live-in staff (50 sq. m. total).


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