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Property description
The project is a hotel complex and shopping center in the city of Izmir, Turkey. According to the project documentation it is planned construction of commercial buildings in 24 floors. The total area of each floor - 1 000m2. The first 4 floors (with the lower floor, which will be equipped as a storage room - technical floor) will occupy the shopping center. Basement 2 floors - parking lot. The remaining 18 floors will be equipped as a hotel complex with the total number of rooms - 453, each of which is common (useful) area - 35m2. Technical areas of the hotel complex, as well as restaurant, lobby and so on. Takes about 1 500m2. Starting from the 8th floor of the complex offers a spacious view of the Aegean Sea. The project can be sold entirely and "turnkey". At this stage (passed approval of design documentation in state agencies) project can be modified and finalized. The calculations for the project: Cost of sales of the whole project "turnkey" - $ 48,890,000 (forty-eight million eight hundred and ninety thousand US dollars). A square meter of commercial space shopping center in the region is estimated as: - Selling price - from $ 5000; - Rent cost (per month) - from $ 100. Cost of sales of hotel rooms per day - about $ 100 (12 months a year). Profitability of the project: From the sale of retail space shopping center - from $ 20 million; From leasing retail space shopping center - $ 4.8 million a year - a total return of 5 years! From the sale of hotel rooms (on average) - about 6 million - $ 10 million a year. As well as income from the operation of the restaurant. TOTAL: return on the project will not exceed 3 years from the date of commissioning. * The cost of sales is calculated in euros approximately, the actual payment will be made in US dollars or in the Turkish lira at the time of the transaction.
Tolerance Homes
Excluzival Group
Trust Point