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The property is in Montecatini Terme near the Verdi Theatre, next to other majestic and well-kept 4 and 5 star buildings, located in the same street and in the surrounding luxury streets.
The hotel is the closest one to the famous thermal baths than the remaining luxury hotels. It is close to the major attractions, shops and to the dedicated services aligned to the customers‘ niche.
Montecatini Terme is a destination of international fame for executives and managers (Russian, American, Swiss, just to make some examples), which offers many high-level organizational and recreational solutions for corporate executives, but not only.
Common services such as restaurant, bar, pizzeria lab, kitchen are included in the building.
Property value 2013 (architect estimate):
€ 3500/sqm * sqm758,40 = € 2654400,00
Proposed property price: € 950000,00
€ 1255/sqm * sqm758,40 = € 951792,00
Even just for the features listed, the given price and the unique position make this hotel a very profitable investment:
- you can buy and resell it in some years at its actual value between € 2500000,00 and € 3000000,00
- with minimum aesthetical changes you can make it a 4 or 5 star hotel, aligning it the same luxury level of the remaining hotels in the surrounding and take the advantages of managing it by yourself
- Italian Gross Domestic Product coming from the tourism sector has been constantly increased year by year, at least since year 1995. You can profit by the current low price in order to create a strong spike coming from the sectorial standard activities restoration and its constant increase year by year. For more information and reliable data about this topic please get in touch.
Real Property Included
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