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Auction
1164

Hotel on the border with Austria


1  Lot available   |   Real estate and companies   |   Views 664



Hotel on the border with Austria

1 Lot available

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Advertising   |   Experiment : 1  |   On sale


 Udine, Friuli Venezia-Giulia, Italy


Provenance: Voluntary liquidation (companies, individuals)




AUCTION DESCRIPTION

IMPORTANT INVESTMENT OPPORTUNITY: GROSS GUARANTEED ANNUAL INCOME 20% AT HALF CAPACITY

concerning a historic hotel called "AL TURISTA", located in the municipality of Timau (UD), at the border with AUSTRIA, in a ZONE with a LARGE HISTORICAL, TOURIST, AND LANDSCAPE CONTEXT, CLOSE TO THE SKI RESORTS OF Laghetti (TIMAU) AND ZONCOLAN, 15 MINUTES OF CAR FROM THE THERMAL AND THERAPEUTIC CENTER OF ARTA TERME AND STILL MUSEUMS, ART GALLERIES ETC.

For the structure is already present and approved a project for the restructuring and expansion with anti-seismic and plant-energy adaptation.

We are looking for: 

  • Buyers interested in purchasing the property, even to start the redevelopment project.
    The price requested for the purchase of the property at present is equal to Euro 480,000
  • Investors interested in giving funds for the realization of the project.

The structure, now composed of 4 floors, is located in the homogeneous area B0 of the Municipal PRG of Paluzza (UD).
The floor area is approximately 1200 square meters, sufficient for the construction of an accommodation facility with 25 bedrooms.
The property land area is approximately 1300 square meters: the new building, expanded according to the project, will occupy about 650 square meters (50%); the new parking lots (20) with maneuvering space and viability will occupy 480 square meters, the remaining 170 square meters will be used as green areas

The structure occupies a central position in the city of Timau (UD) and this project ill be a very important thing for the redevelpoment of the territory.

For re-activate the structrure is necessary some plant installations, interventions aimed at well-being and personal care, direct interventions to overcome architectural barriers and fire prevention, construction of new parking lots, new equipment, furnishings, etc.
The total expenses (including the accessory ones) estimated for the reactivation of structure in energy class > = B is equal to Euro 2.3 Milion + VAT.

To carry out the project, a Regional Contribution of 200.000 Euros was already granted with a deadline of 03/28/2020 pursuant to Art. 38 of the L.r. n ° 4 of 08/04/2016.
A permit to build
was also granted in March 2018 on Final Design.

The estimated price of the real estate after the redevelopment project is 1.700.000 Euros.
The estimated time necessary for the execution of works is 20-22 Month.

As per the attached preliminary analysis, done in a very prudent manner, the balance of the investment takes place in the 5th year of operation, that is from the 7th / 8th year from the date of commencement of the works.

For more informations let's read the attached documents and contact the referen indicated.
More information regarding the redevelompent project and the turstic and historical contest of Timau (UD) is available in the lot's schedule, accessible clicking the button "Show lot"


INFORMATIONS

CODE : 1164
SALES TYPE : Advertising
EXPERIMENT : 1
EXPERIMENT STATUS : On sale
DATE START : 11/06/2019 00:00
DATE END : 24/07/2019 17:00
DATE TERM OF PAYMENT : 24/07/2019
PROVENANCE : Voluntary liquidation (companies, individuals)
VISITS NUMBER : 664

LOCATION