Bridge Village Hotel 64

A rare opportunity to invest in a unique hilltop coastal holiday residence that comes with a further 139 apartments. The entire complex is in excellent condition and offers great potential for the international market.

HOTEL

• 85 double rooms with ensuite, private terraces and panoramic sea views.
• 7 suites ( lounge, double room, bathroom and terrace)
• 2 presidential suites
• 4 apartments on two floors (consisting of 2 double rooms, 1 single room, 3 bathrooms and garden.
• 1 Restaurant seating capacity 700
• 3 Bars
• Large roof terrace with swimming pool , solarium and panoramic sea and mountain views.
• Disco and Cabaret areas.
• Piano Bar
• Gym
• Sauna
• T.V Lounge
• 3 Tennis courts
• 1 Area for other ball sports
• Lido facilities available by the complex
• Private beach with Lido equipment and option of boat trips
• Beach Entertainment including sports.
• Excursions by bus, boat and car hire.

APARTMENTS

These are divided into three types:

• Type B: (95 apartments 44sq metres) Resale value € 70,000.00.

One bedroom apartments with an open plan living area, a double bedroom, bathroom and a terrace or small garden. These apartments are fully furnished with a double sofa bed in the lounge area. The apartments are all on one floor either at ground level or on the first floor. They all benefit from sea views.

• Type C: (36 apartments 66 sq metres) Resale value €100,000.00

Two bedroom apartments comprising of:

Ground Floor:
Double bedroom plus a single room bunk beds, bathroom and a large garden.

First Floor:
Lounge with a double sofa bed and single, kitchen, bathroom and a large terrace.

• Type D: (8 apartments 88 sq metres ) Resale value €130,000.00

Ground Floor:
2 Double bedrooms, single bedroom, bathroom and a large garden.

First Floor:
Lounge with 2 sofa beds, kitchen, bathroom and a large terrace.

All the apartments are fully furnished with sea and mountain views and are in excellent condition.

The entire complex is located on a hilltop of one of the most beautiful coastlines of Italy called the 'Gulf of Polycastro'. It is conveniently situated between the up and coming resort town of Praia a Mare and the already well established resort of Scalea. Scalea has recently opened a small national airport but the nearest international is approximately one and a half hours due south.

The complex area is approximately 30 hectares and ranges between 150 to 350 metres above sea level.

The entire village complex consists of 510 properties of which 139 still belong to the Hotel. There is a further leisure centre, supermarket, club house owned by the hotel.

The village is divided into four sections which have been named after a pack of cards:

Zone Clubs
Zone Hearts
Zone Spades
Zone Diamonds

The village properties all benefit from panoramic views over the gulf and coastline.

The Leisure centre consists of a swimming pool, 2 Bars, 3 Tennis courts an animation area with spectators gallery, large seating and relax area and facilities presently used as an office, small restaurant and mini supermarket.

The supermarket is located at the entrance to the complex together with a small villa, parking area and several offices for marketing use.

The entire village has 24 hr surveillance and all roads and communal gardens are maintained by the complex with an annual community charge to private residents.

All amenities offered by the complex are available also to all the private owners of the village with a fee per person per season or family ticket.

The complex has a well established letting agency which functions all year round although rentals presently are at their highest between May and October.

Valuation

The complex was given a commercial value in 2002 of €30,000,000.00 by experts. The mortgage value in 2002 was €17,215.656.60.

The entire residence is being sold fully furnished with fixtures and fittings and in excellent condition.

Description of the Gulf of Polycastro and resort towns

The Gulf of Polycastro is one of the jewels of Southern Italy and includes quite a few already popular resort towns along its coastline. The bay starts in Campania and concludes in Calabria with just an approximately 20 kilometer stretch in Basilicata. The terrain is mountainous, pine clad in areas with many beautiful secluded beaches. A few miles inland from the coastline is the National Pollino Park one of the largest parks in Italy and offers several up and coming ski resorts for the winter vacation.

Due to its enviable location with the most panoramic views across this beautiful bay this residence has great potential for the international market. The hotel has for many years been part of the International Bridge Tournaments and this entire coastline of Calabria is fast becoming one the favorite areas for international buyers. Praia a Mare which is only about ten minutes car drive below has a large Aqua Theme Park and a several kilometers of beaches. Dino Island which sits just of the coastline is now an established Marine Park with great scuba diving facilities. In the last five years coastal properties have almost doubled in this area and a similar residence located as such elsewhere in Italy would be truly hard to find.