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property investment/development opportunity

Member: madura
Located in: France

Business Details

Business Stage:
  • Established (ready for expansion)
Amount Required:
  • €800000.00
Investment Types:
  • Debt/loan financing
  • Equity/shares
  • Initial start-up of business
  • General expansion of business
  • Working capital
  • Architecture
  • Building & Construction
  • Property Development/Real Estate
  • Retail Trade & Shops
  • Restaurants/Hotels/Pubs/Food Outlets
  • Sports/Leisure/Tourism/Recreation

Short Description

The property for development consists of 3 houses of 792 sq.metres, which when renovated can be sold on or let as 10 seperate apartments. It is situated in the prime holiday destination of Provence, with good access to airports and the TGV .Although semi-rural it is within 8 mins drive of two local towns,each with all the usual facilities

Present value 600.000 euros, projected renovation costs 7/800.000 euros
projected selling value of each unit on completion 250000 plus

Rental values for each apartment 600 euros low season, rising to 1000 euros per week in the high season

Executive Summary

The owner has extensive experience of property renovation in the UK, and has held senior management positions in well known companies

The ideal investor/partner would bring expertise in hospitality management ( the project offers scope for a chambre d'hotes or restaurant enterprise) or a background in tourism management
/marketing. However a 'non active' could be considered, as the present configuration of the property allows a flexible approach to the ways in which it is developed.

Further information, such has plans, photos etc is available.

An investment of 300.000 euros would 'kick-start' the project

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