Exclusive Hotel Complex in Admiral Isakov Avenue in The Vicinity of US Embassy and Yerevan Lake

100% Profitability in 1 year

Realty type and location:  
                                 

                                     

                                     

 

 We suggest constructing a hotel complex on the plot located in Admiral Isakov Avenue, Yerevan, RA. The US Embassy is in the vicinity of the land /on the distance of only 300 meters/ and the construction of embassies of China, Argentina, Egypt, Georgia, Arabian Emirates, and Belarus is in sight.
The choice of the location is not accidental, as the area has a number of undisputable advantages. First of all on the one hand it is very close to the city centre /3-4 minutes’ drive to the central square of Yerevan/, and on the other it is far from the city noise, then the district has perfect prospects for its competent development and, as a result, for the growth of prices. Besides, Isakov avenue is the main entrance to the capital, as it links Yerevan with international airport “Zvartnots”. A wonderful view opens from the complex to the historical mountain Ararat and Yerevan Lake.
 

 
Measures and dimensions: Total surface of the plot makes up 714 sqm
The façade along Admiral Isakov avenue is 23 meters

 

Right of possession: Private property

 

Availability of city planning documents: Coordination concerning all the points of project realization is available

 

Project description:  
                                   

                                     

 

 The hotel complex will consist of 6 floors and a garret, it will be provided with automatic heating and air conditioning systems. The hotel complex will include a restaurant, a sauna, 31 rooms /3 of which will be first class (de luxe)/. An overland parking for 13 cars and an underground parking for 12 cars will be available.

 
Parameters of the proposed plot development: The 7-storeyed building on the first line is to be built on plot of 714 sqm. The surface of each floor will make up 362 sqm. Total surface of all 7 floors will be 2534 sqm.

 

Investment period: 1.5 years

 

Project realization price including construction works 2 000 000 c/u ( 500 000 c/u of the sum will be spent to purchase the plot and prepare project permitting documents, 1 500 000 c/u will be spent on construction works)

 

Total income from hotel complex sale: 5 000 000 c/u (without taking into account the price increase)

 

Income from hotel complex exploitation: 600 000 c/u (in a year)

 

Annual price growth on realty market according to specialists’ estimation: 24%-28%

 

Conclusion:  
                   

                                     

                                      

The initial investments for the project realization will make up a sum of 2 000 000 c/u ( 500 000 c/u of the sum will be spent to buy the plot and prepare the construction permitting documents, and 1 500 000 c/u will be spent on construction works). Total income from hotel complex sale will make up 5 000 000 c/u. Taking into account the predicted annual growth of realty prices (24%-28%), it will be possible to sell the hotel complex not less than for 6 000 000 c/u in 1.5 years. The income from hotel complex exploitation during the first year will make up not less than 600 000 c/u and during the following year we predict 10% income growth.