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Land For Office/hotel 4-5***** in Bucharest, Sector 1 Romania Investment: Hotel 4**** In Bucharest Asking Price: 6,000,000 € (Negotiable) It is available the old offer, until will be sign something.
6,000,000 euros for the land .
Land in surface of 3120 sqm ( my property )
Property sizes: 56m X 45m (56m is the opening to the road)
. (Urbanistic Zone Plan) approved in 01.: POT max 50% (Land Occupation Percent); CUT max 3.9 (Land utilization Coefficient); H max 35,5m
Hotel/Offices Building B+G+8-9F
12.740 builded sqm (2.600 high basement for double parking lot-187 underground and 43 land parking lots) is posible another basement and another two floor.
Minimum 220 rooms and/or apartments if will be constructed a 4-5 stars hotel or 280 rooms for 3***hotel.
You can see the resume of international conference from Hilton Athene Palace Bucharest "Hotel Investment Forum 2008" on and after that you can see why this is the best business.
Building destination approved for Offices Building, Hotel, Commercials and/or Services.
Localization:
Placed in Bucharest, sector 1, 202 Aleea Teisani, near Baneasa Forest (100m), having exit to D.N.1 (Bucuresti–Ploiesti 1st National Road ) and Bucharest Ring Road, straight from Aleea Teisani street.
Located at 5Km from “Aurel Vlaicu” Baneasa Airport, and also 5Km from “Henri Coanda” Otopeni International Airport ; about 15 minutes of the center of Bucharest.
Commercial Centers (in Baneasa Area): Metro Cash & Carry; Carrefour; Ikea; Mobexpert; Bricostore; Baneasa Business Park.
The Project and Construction Authorization may be adjusted by client’s will.
Price for land: 6,000,000 euros
Effective and profitableness construction costs:
1. In case of construction an A Class offices building the costs are situated between 600–750 €/builded sqm.
Selling price is situated at 2000–3500 €/builded sqm.
The profit, in case of selling, is between 950 and 2450 €/builded sqm, namely at an investment of 15-17 millions €, the profit will be between 14.5 milions to 37.5 milions euros.
2. The medium renting price is 14 €/utile sqm of office; 40 € / parking lot / month, results a medium annual rent of 1 920 000 € on an investment of approximately 16 millions €. Recovering the investment will take about 8 years.
3. In case of construction of a 4 stars Hotel the construction costs are 900–1100 €/builded sqm, the investment is situating between 16.5 millions € and 19.5 millions €. At a resonable ocupation degree of 70% (!!!), 220 rooms, with the price of 120 € / room / day, decreasing administrating costs (approximate 40%), results a profit of 6,74 mil euro (without calculating the profit from the restaurant, the bar, conference rooms, an eventual casino, etc.) The investment is recuperated in 8 years.( Exemple: in 2007 Howard Jhonson Hotel Bucharest-5***- net price 140 euro/room and rate of ocupation was 20% in weekend and 80% in rest of year; more than 30% from 2006)
Now , Intercontinental Hotel Bucharest is evaluate at 250000 euro/room (in these case the land valor is 40% from total price-5000euro/sqm) and JW Mariot Hotel Bucharest is about 325000 euro/room ; BUT NOW,IN BUCHAREST, IS NOT FOR SALE NO ONE HOTEL FOR 3-4-5*****
ALL THE IMAGES OF HOTEL OR OFFICES ARE WITH PRESENTATION TITLE
 | | About This Property | |
| Category: | | Investing/Development | | Address: | | Aleea Teisani 202-204
Bucharest
Sector 1
Romania | | For Sale By: | | Owner | | Construction Year: | | n/a | | Area: | | n/a | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
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