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Unparalleled Real Estate Potential in the Heart of the Tourist Zone.
presents a unique and exclusive investment opportunity in the heart of the popular tourist zone of Hammamet North. This ideally located apart-hotel is a goldmine for real estate developers and visionary investors.
AN EXCEPTIONAL AUTHORIZATION FOR YOUR PROJECT
This establishment benefits from an official authorization from the ONTT (National Tunisian Tourist Office) for its conversion into a real estate operation. This means unprecedented flexibility: the property can be subdivided and sold as individual units, paving the way for a profitable residential real estate project or seasonal rental (Airbnb, HomeAway) with high returns. This is the opportunity to transform a hotel asset into a modern and lucrative residential complex.
REAL ESTATE DEVELOPMENT POTENTIAL & COMPOSITION
With its 190 existing units, this hotel is a solid foundation for your next project:
143 Studios: Bedroom, living area with convertible beds (53 sqm each).
31 Apartments: Separate bedroom, living room with convertible beds, bathroom (74 sqm each).
16 Suites: Separate bedroom, living room with convertible beds, bathroom (80 sqm each).
All units are equipped with: kitchenette, separate toilet, and balcony.
ATTRACTIVE FINANCIAL PROJECTION FOR DEVELOPERS
This project offers very promising financial prospects for a savvy investor. Here are two profitability scenarios:
Pessimistic Scenario:
Estimated renovation cost: 800 TND/sqm (i.e., approximately 10,563,200 TND for 13,204 sqm).
Total acquisition and renovation cost: Approximately 38,919,200 TND.
Potential Total Revenue from Resale: Up to approximately 66,020,000 TND (based on a target resale price of 5000 TND/sqm).
Optimistic Scenario:
Estimated renovation cost: 1000 TND/sqm (i.e., approximately 13,204,000 TND for 13,204 sqm).
Total acquisition and renovation cost: Approximately 41,560,000 TND.
Potential Total Revenue from Resale: Up to approximately 79,224,000 TND (based on a target resale price of 6000 TND/sqm).
Target Gross Return for the Developer: Potential to achieve up to 30% gross return on investment.
Maximum Acquisition Price for a 30% Gross Return: Approximately 22-23 million TND (negotiable, depending on investment strategy).
KEY PROPERTY INDICATORS
Areas: Land plot of 17,253 sqm (total covered area 13,204 sqm).
Units: 190 rooms/units.
Condition: Good general condition.
View: Unobstructed view.
Year of Construction: 2000.
Levels: 4.
COMMON AREAS AND HIGH-QUALITY SERVICES
The hotel features comprehensive infrastructure offering a pleasant living or staying environment:
Reception, 2 Lounges, Exchange Office, Bar.
2 Swimming Pools, Mini Club, Meeting Room, 4 Administrative Offices.
Private beach with independent access.
Services: Air-conditioning, Sliding windows, Internet, Furnished, Connected thermostat, Carport, Irrigation sprinkler, Barbecue, Outdoor lighting, Disabled access, Fire alarm system, Lift, Alarm system, Safe, Caretaker, Video security, Playground, Fire sprinkler system, Dropped ceiling, Foodservice, Fire hose cabinets.
IDEAL PROXIMITIES
The strategic location of the hotel ensures easy access to all amenities:
Sea and Beach: 200 meters
Shops and Supermarket: 100 meters
City Center: 3 kilometers
Sports Center: 100 meters
Golf: 5 kilometers
Airport: 25 kilometers
DON'T MISS THIS EXCLUSIVE OPPORTUNITY WITH !
Contact us today for more detailed information and to arrange a visit.
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