Property development for sale Directorsâ ill health problems quick sale of Uruguayâs biggest mixed use property development using a discount on recent valuations of 70%.

As
property development sales go this ought to be the biggest discount heli-copter flight sale price for an extravagance property development⦠ever. This is very good value especially for the reason that South American property market is still going strong with growth rates in Uruguay this coming year of 8%. House prices raising an average of 17% (Valora) while using the capital Montevideo rising across 25% in areas! This an amazing possibility to buy a resort development project for sale in Uruguay. The price of the following South American property development may be reduced dramatically as a result of ill health of one of the key directors.
This house development project in Uruguay, South america has planning consent with regard to 341 individual 240 m2 extravagance villas each with private pool and a landscaped, spacious 2000m2 plot. The land has been re classified as DOWNTOWN. The development also carries a 10, 000m2 hotel with 120, 000m2 of grounds including boating lakes and swimming pools. Within the hotel complex is a Thalasa Spa.
Adjacent to the luxury resort hotel is a commercial & retail centre of 8000m2 which will provide a perfect location for additional dining activities for residents and lodging clients. There will also be shops to make retail therapy and a possibility for high end office rental opportunity for the professional service sector and tourists with this beautiful part of South america.
This Uruguay resort will have a strong sports theme to encourage high occupancy rates all year round. All the villas encircle an 18 hole course which will have a unique 2000m2 club house which includes a driving range. There as well be a 100 stable equestrian middle, 10 km training/racing track (for humans and horses), a sports centre with full dimensions football and polo pitches. It's going to the largest resort improvement in Uruguay. It provides huge support locally and at government level. Indeed the president of Uruguay and also the tourist minister have shown considerable involvement in the project. One in the Uruguayan International football stars indicates interest in starting a football academy and a famous horse trainer from Spain is interested in the equestrian facilities.
This mixed use development undertaking is perfectly situated geographically. Just 5km from Uruguays Coastal town of Atlántida over the Gold Coast of Uruguay in support of 30 minutes drive to the capital city of Montevideo. Motorway entry to Montevideo and Punta del Este should be 2. 5km away. The international airport of Carrasco is within half-hour drive and the Argentine capital of Buenos Aires can be a 1 hour flight. The plot can be a relatively flat plot with 2. 36 million block metres. It has its own water sources and is on a sand base aiding low construction costs.
Initial cash flows and profit forecasts for this mixed development show sales (EBITDA) in excess of $133m over a 7 season roll out. (This scenario excludes values for Golf club & course, sports centre, equestrian centre and applying very conservative values with regard to hotel and retail village). The project will auto finance after a $20m initial investment (first 2 years) into infrastructure together with first phase. Break even on initial investment is actually calculated at approx 3 season stage.
The project was valued by the leading Uruguayan company at $29m. Reduced down to $12m and now we are instructed to accept offers around $9m. This is a wonderful opportunity for a top quality
Property development for sale project in South america for sale.
Arcrei are the sole European agents for the Green Valley Golf Resort.
For more details email nick@arcrei. com or see www. arcrei. com or contact Nick Westby on 00 34 666 938 956.
Property development for sale