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Commercial property Philipsburg, Sint Maarten, 1 250 sq.m

13 703 322 € Rate of return: 8%

Specifications

Sale price 13 703 322 €
Price per square meter 10 962.66 €
Floor area 1 250 sq.m
Address Sint Maarten, Philipsburg
Location at the seaside, within the city

Resale

Business on sale

Finance

Profitability
Returns on investment per year 8 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Business expenses
Not included in the price
Commission fee 1.5 %

Description

Casino on sale with high return in USD

On sale the activity of a casino in Sint Marteen. The business is active since 2001, with an average turnover of 4.2M USD/year in the last 5 years. The casino is developed on a rented surface of about 1.250sqm (not on sale) and fully renovated in 2018. The seller is in the industry with other casino on the island, therefore they offer the sale with or without management:

- with management they can grant a 8% NET as a rent

- without management

The sale include a license that can be moved or sold to someone that is building/developing a 200+ rooms hotel. New licenses are not any more like this.

Asking price 16M USD. Contact me for further details

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Contacts

Company's website: Company's phone number: Messengers: Company offices:
Russia, Moskva, Moskva
Representative:
Giuseppe Pocobelli Managing Director
Languages: russian, english, italian, french
Seller
Giuseppe Pocobelli Managing Director

Pocobelli Consulting

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