48 ROOMS HOTEL IN PRIME LOCATION FOR SALE IN JERUSALEM
- ₪38,000,000
48 ROOMS HOTEL IN PRIME LOCATION FOR SALE IN JERUSALEM
- ₪38,000,000
Description
48 ROOMS HOTEL IN PRIME LOCATION
FOR SALE IN JERUSALEM
LOCATED IN THE MOST DESIRED ONE SQUARE KILOMETER
Here is an opportunity to own , create and build an hotel
Where everyone wants to be.
JERUSALEM HEART
LETS TALK DETAILS
* 718 sqm plot
* Private land \ free hold \ full ownership
* currently 1200 sqm built
* Permit – Approved
* Permitted total of 2500 sqm , 48 room
* Rezoning option for another floor of 300 sqm ,
can be either for more rooms or residential apartments
( Appreciation tax required )
* Government support , 20% of project cost and option for 13% more if
owners will aim for 3 stars hotel
* That 1 kilometer Radius is full for of high end expensive large hotels
but very few offers for low cost or boutique hotel
* There is 18% increase of demand and 10% increase in new hotel rooms
* Cost of such hotel projet can be run at 6000-8000 nis per sqm
Address
Open in Google Maps-
State: Israel
Details
Updated on December 9, 2019 at 11:18 pm-
Property number 11012
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Price ₪38,000,000
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Out door areas 750 SqM
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Property status SOLD