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Nairaland Forum / Nairaland / General / Properties / Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics (3625 Views)
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Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 11:46am On Oct 10, 2016 |
still on |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by Nobody: 3:31pm On Oct 10, 2016 |
i read through you post and that of the buyer my advice is if you want more value above the 16 million estimated by the surveyor is to sell it as a going concern meaning you are selling the business not the building only ...hence a need to tell us how much the business generate yearly after tax this will give an investor an idea |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 4:15pm On Oct 10, 2016 |
Alikote:Thank you for your comment. It is being sold as a going concern ie building, furniture, goodwill etc. You can ascertain annual profit from the viability analysis I did. |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 10:29pm On Oct 11, 2016 |
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Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 7:40am On Oct 12, 2016 |
on |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 10:14am On Oct 14, 2016 |
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Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 3:05pm On Oct 14, 2016 |
on |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 7:00pm On Oct 15, 2016 |
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Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by musco4me: 3:11pm On Oct 16, 2016 |
Do u HV lands for sale? |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 4:15am On Oct 17, 2016 |
musco4me: Yes I do Sir, what size and for what use and which location do you have in mind? |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 1:37pm On Oct 18, 2016 |
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Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 4:04pm On Oct 20, 2016 |
musco4me: Plots for sale in Asaba: 5000sq. metres behind Asaba Stadium with CofO N55m. 2000sq.metres behind Crunchies off Okpanam rd with CofO N25m. 2000sq. metres opp Legislative Qtrs with CofO N18m. 4000 sq. metres High Court area with Cof O N50m. |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 4:16pm On Oct 20, 2016 |
[quote author=zamirikpo post=48020821]Nice analysis but that place needs far more than 2m.. ...from my lay man's perspective it needs another 10m to remodel it, cos its an old model type structure, that bungalow has to go completely The roof would be removed, pillars have to come in, in fact entire remodelling. Then on the returns u forget that Asaba has a lot of hotels and there's no way u would have full rooms everyday for a year to earn 16 million a year. It would be easier to build on a fresh plot of land. If u know of any plot in a choice location(easily abrasive) pls post here. It would be cheaper to purchase and build a straight forward modern structure that would attract the market. [/quote Plots for sale in Asaba: 5000sq. metres behind Asaba Stadium with CofO N55m. 2000sq. metres behind Crunchies off Okpanam rd with CofO N25m. 2000sq. metres opp Legislative Qtrs with CofO N18m. 4000sq. metres High Court area with with CofO N50m. |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 8:01pm On Oct 29, 2016 |
still on |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by Fosterdon: 7:38pm On Oct 30, 2016 |
Still on |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 10:58am On Oct 31, 2016 |
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Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by EngrKem: 9:43am On May 24, 2017 |
survemeka:Pls how much can it cost to rent such a hotel a year. I v similar property to rent from the owner. It's 14rooms. How much can I offer the owner as royalty in a year? |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by zamirikpo(m): 3:41am On May 25, 2017 |
EngrKem: it depends on the market around where the hotel is located, if u know how the hospitality business works in ur area, that would guide u . some places like Asaba and owerri have soo many hotels and so the competition is very high. it would be wrong for anyone to advice u here,unless u state the location,off which he/she must be conversant with |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by Nobody: 8:37am On May 25, 2017 |
zamirikpo:what is the value of the property divide by 20 years it give u an idea of the annual rent this is just on the building as a structure not a going concern(hotel) |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 2:48pm On Jun 04, 2017 |
EngrKem: Zamirikpo's answer suffices; Where is the hotel located? Does the offer include a power generating set? Do you have the required biz acumen to turn it into a money making machine. Answer these and you will get my advice. |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 2:49pm On Jun 04, 2017 |
Alikote: Please remember that you have to make adequate adjustments for inflation and depreciation. |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 2:50pm On Jun 04, 2017 |
Fosterdon: Yes, lols. |
Re: Functional 20 room hotel on 1000sq.m in Asaba now N22m(net) Pics by survemeka(m): 11:53am On Jun 05, 2017 |
On |
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