Verified listing
Share:

Thermal bath and development area

Hungary

63%

€1.270.000

Development

#33921

Value-Add

17 Apr 2024

Property Details

Owner

Under offer

21,233 m²

Gross area

59 €/m²

Freehold

X

Fees

Investment Overview

The property was built in 2008 in western Hungary, operated until 2012 and has been closed since then. It is in excellent condition and can be put into operation with little investment compared to its value. The net floor area of the thermal bath is 2,873 square meters, which was built on a 21,233 square meter plot with total utilities. The property is located in a beautiful small village, which is the perfect environment for the development of a hotel project. The spa's water needs are provided by a thermal well, the water temperature of which is 43 degrees Celsius. Hungarian thermal water is a special feature of Hungary's hydrography, outstanding in terms of quantity and quality on a global scale. Medical tourism or other forms of health tourism are playing an increasingly important role in world tourism. This trend will increase in the future in Europe and Hungary as well. The demand for natural medicine, a healthy lifestyle, and the accompanying outlook on life (fitness, wellness), good physical fitness, maintaining good condition, and disease prevention is growing all over the world. The increase in the European average age and the postponement of the active retirement age play a significant role in the charm of the clientele. During its operation, 7 pools and wellness services awaited guests who wanted to relax, unwind, do sports and heal. 80+ parking spaces. Those wishing to play sports and swim could indulge in their passion in the 25-meter sports pool, while children learning to swim also had a learning pool at their disposal.The project has a second phase. The design materials for this phase are available. Licensing and execution plans. (not part of the price). In the second phase, several outdoor pools, slide parks, saunas, Turkish baths, hotels, restaurants, fitness room, etc., were planned.