INVESTMENT HOTEL in the center of the city of Loutraki, Corinthian for sale

The hotel is located in Loutraki and seeks investor.
Description of property
Properties:
The size of the plot is 496.00 sq.m. with a surrounding outer space of 300 sq.m.
The central avenue of the city, opposite the beach park in front of 17 sq.m.
and the building occupies 15.00 m. and 2.00 m. vacuum.
Building:
Start construction 1967. Done excavating the entire surface occupancy of the building and on hard and firm ground became the seat of footings, columns sydedemenon rafters with staples width 0.20 m. And height to the center of the building more than 2.0 m.
The earthquake of 1981 did not influence the strength of the building.
Initially built in the ground floor and three floors. In 1979 was the addition of three floors and roof. The pillars have kept the same dimensions in all floors - in the starting resistance control has been found by the competent department of the Ministry D.E.V. = 380.
Business:
The building functioned as a C 'class hotel having 120 beds, two apartments of 150 sq.m. and roof garden 140 sqm, all these years licensed. The company SA and has no debts.
Located in the best place of the city with panoramic views of the park and the sea which is only about 30m. It is the closest hotel to the spa under construction that will include two heated pools and generally all the amenities of a modern rejuvenation center and will be ready in less than two years.
Within the plot to a depth of approximately 20m passes a large amount of thermal water that spilled past the park, the sea.
Can easily seen and can be easily pumped without affecting adjacent baths of EOT.
There is also licensed café with access to the park (70 seats).
Also important is the real possibility of converting the company into compartments under the law that enables hotels open more than 20 years to change use.
With the new development law there is possibility subsidies by 50-60%.
Cons:
We need complete renovation. You do not have parking spaces only for 6 cars.
There is the possibility of buying just beside Plot so that the purchase,
the available parking area reaches 700 sq.m.
For additional information, we are at your disposal.