Boutique Hotel, Split center, sale with established business

ID CodeE482
Location:
Varoš, Split
Transaction:
For sale
Realestate type:
Hotel
Total rooms:
5
Bathrooms:
5
Toilets:
1
Total floors:
3
Price:
1.400.000€ (10.617.926 kn)
Square size:
301 m2
Floor:
Ground floor
Split, center – Boutique Hotel

Real estate and hotel business for sale

Four star, fully renovated, luxury boutique hotel for sale.
Located in historical part of Split in very quiet neighborhood and placed in the UNESCO protected area, only five minutes walk from Diocletians palace and Riva.
Hotel is completely renovated and furnished with contemporary taste in 2016.

REAL ESTATE PROPERTY FOR SALE:

▪ Built up area: 301.31 m2
▪ Five completely furnished and equipped, deluxe, double &triple rooms placed on four levels:

I. Ground floor 161.87 m2, including: reception, bar, storage unit, toilet for guests, 83 m2 terrace, room No.01 of 17 m2 size, capacity for two guests and room No.02 of 26 m2 size with capacity for three guests.
II. First floor 36,93sqm; 28,65 m2 common terrace and a room No.03, size 18 m2 with capacity for two guests.
III. Second floor 36,93 m2; room No.04 of 18 m2 size with capacity for two guests.
IV. Third floor 36,93 m2; room No.05 of 22 m2 with capacity for two guests.

Distance:
• Public parking 100 m
• Diocletians palace 0,6 km
• Beach Bacvice 1,5 km
• Beach Marjan 2 km
• Beach Znjan 3,7 km
• Airport Split 11,3 km


HOTEL BUSINESS OPERATION

✓ Hotel business operation consists of 13 rooms and family suites distributed on 3 locations within 50 meters distance from the main reception.
✓ The real estate for sale, with five rooms and reception, is part of the business operation. The remaining eight accommodation units hotel has in long-term lease.
✓ Hotel is fully operational since 2016. – 2 receptionist and 3 cleaning – Accounting, Channel manager and front desk system.
✓ Strong online marketing presence ( possible direct reservation on our website, Excellent reviews on Trip advisor, Booking.com, Hotelbeds.com, Expedias group, Splendia and other portals, excellent relationship with local & International travel agencies. Active on Facebook and Instagram.)

▪ The accommodation units hotel has in long-term lease are only 50 – 100 m distance from the reception, placed on two locations and they include:

• Location 1. with three accommodation units and beautiful common terrace in the garden:

I. Apartment 31 m2, capacity for three guests and consists of bedroom, bathroom, living room with kitchen and dining room.
II. Apartment 29 m2, capacity for three guests and consists of bedroom, bathroom, living room with kitchen and dining room.
III. Apartment 29 m2, capacity for two guests and consist of bedroom, bathroom, living room with kitchen and dining room.

• Location 2. with 5 accommodation units:

I. Apartment 54 m2, capacity for 5 guests and consists of two bedrooms, bathroom, living room with kitchen and dining room and terrace.
II. Apartment 41 m2, capacity for three guests and consists of bedroom, bathroom, living room with kitchen and dining room and terrace.
III. Studio apartment 24 m2, capacity for two guests with equipped kitchen, bathroom and terrace.
IV. Room 17 m2, capacity for two guests.
V. Room 19 m2, capacity for two guests


PRICE FOR THE REAL ESTATE + HOTEL BUSINESS OPERATIONS FOR SALE

Option 1: To Buy the Real Estate + Hotel Business Operation, total 13 rooms

✓ Price of the Real Estate & Business Operations: 1.4 Million Euro

▪ The option of selling the property alone without the business is not applicable.


Option 2: Terms of buying Business Operations, total 13 rooms (without buying the Real Estate)

✓ Asking price: 500.000 Euro

Other essential requirements:
• Rent the Real Estate to the business operation at 40,000 Euro per year
• Rent Payable every six months in advance
• 6 Months Security deposit
• + 5% Annual Increase
• Rental contract period: 5 years
• Take over lease for remaining eight rooms that hotel has in long-term lease.



Any additional information or request for property visit will be done after NDA signature.


Utilities
  • Electricity
  • Waterworks
  • Heating: Heating, cooling and vent system
  • Phone
  • Air conditioning
  • City sewage
Permits
  • Energy class: Energy certification is being acquired
  • Ownership certificate
  • Usage permit
Technique
  • ADSL
Close to
  • Park
  • Playground
  • Post office
  • Sea distance: 350 m
  • Bank
  • Kindergarden
  • Store
  • School
  • Public transport
  • Proximity to the sea
  • Movie theater
Other
  • Terrace
  • Stone house
  • Furnitured/Equipped
  • Terrace area: 111,47
  • Adaptation year: 2016
  • Number of floors: High-riser
 
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