Unrepeatable opportunity: Hotel Bela Vista for sale in Maio, Cabo Verde.
The property includes: - 22 villas, each with 2 bedrooms, 1 living room, and 1 bathroom (each valued at EUR140,000). - 11 beachfront houses, each consisting of two adjoining villas. The central partition can be removed to create a single villa with 4 bedrooms, a large living room, and 2 bathrooms. - A reception building (450 m^2) featuring a restaurant, kitchen, reception area, office, bar with terrace, 4 toilets, and multiple storage rooms (replacement cost estimated at EUR500,000 with land). - A 15,000 m^2 building plot (100 m of beachfront and 150 m inland), valued at EUR2,000,000. The land permits approximately 10,500 m^2 of new construction (around 200 villas). - A 10 m x 20 m swimming pool (300 m^3) with an estimated construction cost of EUR300,000. - 2 unfinished villas ready for completion.
Location: - Situated on an 8 km white sandy beach in southwest Maio, overlooking the island of Santiago. - The complex boasts 100 m of private beachfront. - Potential to build 15 additional villas or 56 bungalows (land is 60% buildable).
Valuation and Price: Total asset value: EUR5,900,000. Offered for sale at EUR1,590,000 (less than 25% of total estimated value). Financing options are available.
Unrepeatable opportunity: Hotel Bela Vista for sale in Maio, Cabo Verde.
The property includes: - 22 villas, each with 2 bedrooms, 1 living room, and 1 bathroom (each valued at EUR140,000). - 11 beachfront houses, each consisting of two adjoining villas. The central partition can be removed to create a single villa with 4 bedrooms, a l...