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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

  • City: Jerusalem
  • State/county: Israel
  • Neighborhood: Rehavia, TALBIYA
  • Country: Israel

Detail

Updated on May 15, 2019 at 11:17 am

  • Property ID: 11012
  • Price: ₪38,000,000
  • Land Area: 750 SqM
  • Property Type: Commercial Real Estate, Plot
  • Property Status: For Sale

Floor plans

Sout Exposure

    Typical floor

      Contact info

      Daniel Bouzaglo
      Daniel Bouzaglo
      02-5638221052-2636656
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