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BUSINESS REFERENCE : CR31 / RightBiz SPANISH CONSTRUCTION COMPANY & BUILDING DEVELOPMENT SITE | | | | | | Spanish Construction Company & Building Development Site Ref.CR031 Location Castellon, Valencia Asking Price £ 1,200,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £1200000 | | | | | | | | | | | BUSINESS DETAILS: | 40,000 square metres of property with detailed planning for the construction of a luxury hotel complex comprising hotel and 22 semi –detached traditional Spanish country bungalows together with social club, tennis courts, restaurant, bar, swimming pools with garden terraces and landscaped walks. In addition an existing farmhouse building is to be renovated and converted as a rustic country villa.
Castellon is the northern most province of the Valencian region which regularly gets in excess of 300 days sunshine a year and where the awesome inland landscape of the mountain ranges slopes down to the beautiful Costa Azahar coastline, along the Mediterranean by some 120 km and between the towns of Tarragona and Valencia.
This luxury hillside development is set in the pine slopes, olive and almond groves of a small hilltop town near the coastal resort Peniscola on the coast of the Costa Azahar. It is surrounded by numerous top quality golf courses and is in easy reach of Valencia Airport.Looking inland from Peniscola the distant mountain ranges can be seen to slope down to the fertile groves and farmland. A 15 minute drive from here can be seen the development location, the 3 fishing ports of Peniscola, Benicarlo and Vinaros and beyond, prime agricultural land.
This region offers an excellent climate, a rich artistic heritage, an interesting selection of cultural, leisure and sports activities, excellent commercial possibilities, a modern and complete hotel network, exquisitely tasty gastronomy and many traditions and festivities.
The property covers an area of 40,000 sq m with excellent drainage facilities. Water and electricity supplies are ready to connect. The topography of the land allows for ease of construction with the first of the bungalow dwellings nearing completion.
The ethos of the development has been with a view to provide beautiful, secure, luxury facilities in one of the most beautiful and underexploited development regions in Spain.
All the necessary Memorandums and Articles are held and includes the rights to develop property anywhere in Spain. The development itself was originally intended to be a Wellness Centre and was constructed according to the principles of Feng Shui and it is said by those who visit the site to contribute to the feeling of wellbeing experienced.
Key opportunities
This is an ideal opportunity to not only continue a potentially highly profitable luxury development with future incomes from the hotel, restaurant and rentals but to exploit the very difficult to get, rights to develop in rural areas throughout Spain, including areas designated of “special public interest”.
It is also possible to change the intentions of the development at this stage, since it is still at a relatively early stage in its construction, making it possible to fit with any new owner’s plans. The town architect and planning officer are keen to encourage the company’s commercial development of the site and would consider any changes or additions the company may wish to make.
On site is a water well which has accessed a deep, natural mineral water spring and is certificated as such, with all the requisite rights to licensing, distribution and marketing by all the relevant authorities.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads and shows significant growth opportunities for the future.
Employees
The business is run by the vendors who are responsible for the day to day operations but rely on an on-site Project Manager, responsible for the management of flexible staff and resources, as and when development and construction needs require.
Reason for sale
The business is for sale as result of the vendor’s failing health and intention to follow other areas of interest.
| | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CR31 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
