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BROKERAGE - COMMERCIAL & RESIDENTIAL PROPERTY - ASIA

Marcus Sandberg Real Estate Brokerage

INVESTMENT Opportunity; Condotel, Nha Trang, Vietnam

 

Type:    Commercial - Investment Opportunity
Size:      25 849 sq.m GFA, 4 826 sq. m land area
Status:  Active - for investment
Investment Capital:  looking for US$5 million - US$30 million

An investment opportunity to share development and success of a Condotel, which is part of an ocean front land development project in Nha Trang, Vietnam.

The Business
The project is comprised of five integrated components; the Condotel, a Hotel, Villas, suite Apartments, and a recreation Center. The project is well underway, where the developer has already invested in completing pre-construction/preparation works including land clearance, power, roads, bridges & water. The developer has long experience in property development in locations throughout Vietnam and is now seeking a funding partner for construction of the Condotel with 203 keys in 8 floors. The condominiums will be individually owned but utilised and operated by an international 4/5 star hotel management company. Each condominium will have access to the adjacent hotel’s services and amenities including pool, bar, gym, café etc. Total Condotel project cost: $33,6 million.

Progress/Proof
The developer has acquired 11,6 ha land in total and obtained the Investment Certificate including Land Use Rights to complete the development with freehold title and RedBooks for each component. The developer has already spent US$30 million on pre-construction. The hotel component has funding available for construction. A majority of 79 land use rights has been sold for villas and the developer is currently building the villas per each buyer with dozens already completed.

Objectives/Future
To construct and complete all the project components and sell all available units.

The Deal
Negotiable equity stake or debt.
28% exp. investor IRR based on a $5 million investment.

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