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707717 | Top Investment Dutch Antilles 50% from value ocea

 Top Investment Dutch Antilles 50% from value ocea
Type: buy
PriceAmerican $19,500,000.00
Seller
Quantity: 1
Availability: yes
Location: Dutch Antilles , Netherlands Antilles

Top Investment Dutch Antilles 50% from value ocean bay front Hotel Resort 4* with 248 keys/up to 300 & Casino With Mall Located prime boulevard and Adjacent to Cruise Ship Terminal in Dutch Antilles Caribbean .

Hotel Resort & Casino With Mall For Sale   caribbean

Sales Revenue:

$20,000,000 (USD) 

Cash Flow:

Available on request 

The project is a 7 story ocean bay front hotel resort and shopping mall.

The hotel contains 248 Hotel Suites 
Casino 
58 Shopping Stores 
Pool 
2 story Parking 
Rooftop Revolving restaurant

Property information

Real Estate:

Real Property Included

Premises Details:

Located on the prime boulevard and Adjacent to Cruise Ship Terminal

Size in square feet:

220,000

Planning Consent:

Building Already exists

Business Operation

Expansion Potential:

yes

Competition / Market: 

renaissance hotel and mall

Reasons for selling:

insufficient funds to terminate project

Under construction/85% is ready ,to finish the project included furnished it cost about 8M

 

This Project will be a 208 room Hotel with 18 private luxurious condo units including a Casino, a revolving restaurant, and commercial center with 58 commercial spaces available.

 

The profitability of the  property is based on market price and hotel occupancy

information of comparative hotel & condo category type on the island.

The profitability of the  property is based on market price and hotel occupancy

information of comparative hotel & condo category type on the island.

As shown in the table above, you can see that cruise passengers are the primarily target customers for the shopping mall, restaurants and casino.

 

Cruise ship passengers are increasing and are projected to keep on growing.

 

The government is investing about US $70,000,000 this year on the expansion and the remodel of the cruise terminal for an increase of visitor capacity.

 

The government is also currently negotiating with some major cruise lines to expand and add extra cruise ships to the island to boost-up visitors flow.

 

 

3.  BUILDING VALUATIONS

 

For the calculation of the valuation the following facts have been taken into consideration:

  • Available rental space of the ground floor.
  • Available rental space of the second floor.
  • Approx. calculated net profit from store rentals: US $3,240,000 per year.
  • Approx. calculated net profit from 208 hotel suites: US $7,288,320 per year.
  • Net profit sale of condominium.
  • For the present value: The value of the building as is to this date.

 

Taken into consideration all facts and circumstances, also the site of the building and the steady increase in tourism, both by plane and by cruise, the property has been valued as follows:

 A.     THE PRESENT RE-CONSTRUCTION VALUE OF THE EXISTING COMMERCIAL BUILDING ONLY                                              :USD $30.837.988,=

 

  1. B.     THE PRESENT CURRENT FREE MARKET VALUE OF THE COMPLETE EXISTING PROPERTY                                                         :USD $36.648.044,=

 

  1. C.     THE PRESENT CONSTRUCTION-COST TO FINISH THIS COMMERCIAL BUILDING                                                                       :USD $7.318.435,=

 

  1. D.     THE ASSUMED FREE CURRENT MARKET VALUE OF THE COMPLETE PROPERTY, AFTER COMPLETION                               :USD $47.597.765,=

 

  1. E.     THE ASSUMED RE-CONSTRUCTION VALUE OF THIS COMMERCIAL BUILDING ONLY, AFTER COMPLETION APPRAISEMENT

:USD $43.910.614,=


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