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+386 40 289 800

mon. - fri.: 09.00 - 16.00

info@futu-re.com

write to us

The Herk Estate

  • Hotels & Apartments
  • Muta, Podravska, Slovenia

Net size

1.000m2

Build

2009

Property details

The estate includes hotels and apartments, a wellness center, agritourism facilities, historic buildings and several acres of arable land.

The very location of the property and its existing infrastructure represent a great potential for an excellent tourist product that needs a good brand, a clear vision and a target audience. Communication with representatives of other tourist destinations in the region is also extremely important, as well as a good knowledge of the location itself.


The main tourist and health programs of the complex: 

  • "antistress" programs,
  • wellness programs,
  • romantic programs,
  • traditional medicine treatment,
  • range of services for medical companies.

The «Property Herk” is situated close to the Austrian border, in a convenient distance from the big cities,the complex has the potential to develop a full-fledged tourist cluster.

TYPE OF INVESTMENT: LUXURY TOURIST COMPLEX "PROPERTY HERK"

BUSINESS DIMENSION : TOURIST COMPLEX IN SLOVENIA

AMOUNT TO BE INVESTED: 950 000 EURO 

NET FLOOR AREA: 1000 m2

BUILDING LAND: 30 000  m2 (3 hectares)

MORTGAGE: appr. 2,5% a year from The Bank of Slovenia

PROJECT VALUATION: 
Market-value of the project - 3 000 000 EURO. 
According to the official forensic expert of real estate collateral, the real cost of "Property Herk" - 1 800 000,00 EURO.  

SITUATION: 

The Herk Estate is situated at the top of a plateau amidst untouched nature,12 km from the main road Dravograd-Maribor, at an altitude of 1,036 meters in the village of Saint-Jerney in the municipality of Muta in Carinthia.

The property offers magnificent views of the forests and extensive pastures.

This property, in its today's form, is presented on the Slovenian real estate market since 2009.


“Property Herk” has strategically advantageous geographic position. It stands on the top of the tableland and is spang in the middle of the forests and mountains, where you can enjoy a panoramic view of the picturesque surroundings of the region.
Koroška is nationwide famous for its unspoiled nature and clean air. On the territory of the complex there is a private source of drinking mineral water.


PURPOSE OF THE OBJECT: 
Project “Property Herk” is a prestigious tourist complex in the very heart of Slovenia. The whole area of the complex is registered as protected environmental zone (BIO).
A Hotel 4* with 21 apartments (capacity 45 people) is situated on the territory of the complex. It was built in 2009. Also there is a wellness center, which offers a full range of services:

  • 3 types of saunas, 
  • Jacuzzi, 
  • gym,
  • a massage room.

The project has a growth capacity (construction of additional real estate objects). There is a permit for building a hoverway.

 

PLEASE NOTE!

The calculation of the project recoupment is made on the basis of the minimum lease computation. Also, we do not take into consideration the potential discount for a real buyer.

By the way, you can buy this property in mortgage from 2,5% a year.

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Investment prediction

OBJECT CONDITION: 
“Property Herk” is a successfully working company on Slovenian market. All the permits to pursuit of touristic, restaurant and hotel activity have been received. It is a ready-made business.
All the utility connections are paid, most of the land plot is suitable for the real estate development. At this stage documentation for liquid expansion of tourist facilities have been prepared in two versions.


AUDIT OF THE PROJECT:
This complex has different paths of development. It is possible to develop touristic direction by construction additional infrastructure.
If the tourism activity is not relevant, it is possible to use and develop land by building private cottages and selling them on the market.
If investor is ready to continue this activity, current owners are willing to provide some support and assistance, namely: to teach new control frames, to transfer suppliers' contacts, advertising and PR.

Financing calculation
Cost of the object
950.000€
Rental flow / year
0€
Rental flow / month
0€
ROI without financing
0%
Payback period / years
inf
Effective ROI with financing
0%

Credit options

Financing
0%
Loan amount
0€
Own founds
950.000€
Interest rate
0%
Period of financing / years
0
Period of financing / months
0
Monthly loan body
nan
Annual loan body
nan

When using bank financing, the payback will be 0% per annum on invested own funds in the amount of 950.000€ and 0% on bank funds in the amount of 0€.

Total payback when using bank financing will be 0%.

For the crediting period inf years taking into account the repayment of the loan body and %, the profit will be nan€ through the period of inf years the property will remain in full ownership of the investor with price of 950.000€.

Total upon investment of own funds in the amount of 950.000€ we get profit over the loan term in the amount of nan€ (rental income after all payments on loan obligations) nan€ plus the value of the property, minus investment amount 0€.

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CALCULATION OF PAYMENTS ON THE LOAN at an annuity (the percentage is included in the monthly payment)

Monthly payment
The % of the sum is: nan€
nan€
Account balance after payment
nan€
Total annual payment
The % of the sum is: nan€
nan€
Annual account balance after payment
nan€
Total body% of the loan for the entire loan term
nan€
One-time Expenses

By one-time expenses we mean single, occurring once expenses that you might require during at least the first year. This may be the cost of registration of your company (d.o.o.), agency fees, etc.

Agency fee
The price includes the full management of the transaction, the organization of inspections, bargaining, negotiation of contracts. Payment is taken after having the documents filed for the registration of property rights and the receipt and transfer.
3% + VAT
Property tax
Payment is taken in the case of buying commercial real estate with a tenant or residential real estate in the secondary market.
2% + VAT
State fee for writing property rights
Payment is taken depending on the price of real estate, usually does not exceed 1000 EUR.
Translation of documents
Basic translation/specialized/judicial
15€ / 30€ / 50€
Interpretive services
75€ / hour
Opening a company, getting a TIN
1.500€
Regular Expenses

By regular expenses we mean expenses that are periodically repeated from month to month, in general, these are expenses for taxes, accounting services and bank account maintenance.

 
per Month
per Year
Accounting services
100€
1.200€
Bank account
20€
240€
 
120€
1.440€
TAX 19%
Simplified tax system - 19% of the company's turnover (the entire balance of the company account is net profit)
 
-273,60€
Total income without TAX
 
273,60€
Location
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