Land for Office/Hotel 4-5***** in Aleea Teisani 202-204, Bucharest, Sector 1, Romania

Investment: Hotel 4**** in Bucharest

Old price

6,000,000 euros for the land .


NOW 4,500,000 EUROS

Land in surface of 3120 sqm ( my property )
Property sizes: 56m X 45m (56m is the opening to the road)
P.U.Z. (Urbanistic Zone Plan) approved in 01.17.2008: 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 http:///ml 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: 4,500,000 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