21 Bed House for sale
Stoupa, Messinia, Peloponnese, Greece
£1,199,760 *
[€1,400,000]
Full Description
Looking for that next investment? Looking for that new life overseas? Situated in the rapidly developing tourism centre of Stoupa in the Mani, this hotel offers a great opportunity at a low cost of entry to any new investors, or somebody wanting to start a business overseas, and get away from it all... This 21 room hotel is a medium sized hotel for the region, and typically see's 70% plus occupancy during the season. Having operated for many years the business has many return customers, who come to stay year after year. The facilities have been very well maintained and have been upgraded on a number of occasions. Today the guest rooms, bar and breakfast area, reception lobby are all pristine and a lovely welcome to guests arriving. Located a short stroll from the sea front of Stoupa, guests have easy access to all that the village has to offer... bars, tavernas, supermarkets, health facilities and shopping. Post pandemic, Greece is seeing a dramatic revival in tourism and Stoupa is not being left behind.. tourism numbers are growing rapidly and many new business openings and new construction is underway. The Replacement Value for such a property in Stoupa is easily in excess of Eu 2Mn at market today, so the property is priced to give a low cost of entry to any new owners wanting to enter the tourism sector in the region. The building itself is still not fully utilised and with small investments, can be expanded and modernised to provide new facilities with which to attract a greater number of guests. Although only operated during the summer season, Stoupa is occupied year round and has a thriving community through the off season period, there is an opportunity to operate throughout the year and significantly improve annual revenues.
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