- Market Analysis
DESCRIPTION OF PROPERTY
Hotel Predeal is located in the north-eastern part of the tourist resort Predeal, with easy access to all points of interest.
The property has excellent visibility, it is surrounded by accommodation and housing units. The area benefits from all utility networks and has easy access to DN1, Predeal Railway Station and the ski area.
The Predeal Hotel is currently under preservation, with the Building Authorization for the Modernization and Extension of the hotel being already obtained. The hotel has 58 rooms, each equipped with own bathroom. The accommodation unit has also a restaurant, conference room, garages and dependencies.
The hotel is placed on a 2,575 sq m site, out of which 798 sq m is the hotel footprint. The access to the property is made from Muncii Street.
The building consists of basement, lower ground floor, ground floor and 3 upper floors, having a total built area of 2,722 sq m.
Structure and Functions
Basement – sanitary groups and technical spaces.
Lower ground floor – 5 room accommodation, kitchen, restaurant, conference room, communal sanitary facilities, storehouses and garages.
Ground floor – 14 accommodation rooms, reception and 2 balconies.
First floor – 17 accommodation rooms, 8 balconies and annex spaces.
2nd floor – 13 accommodation rooms, 8 balconies and annex spaces.
3rd floor – 9 accommodation rooms, 2 balconies and adjoining rooms
In the yard there is a parking space with about 20 seats.
The unit requires modernization and expansion works, for which a construction permit is already released (no. 18 / 30.05.2019). The estimated value of renovation and expansion works is 420,000 €.
The entire property is available for sale at an asking price of 1,400,000 € plus VAT.