The timeframe ends at completion and readiness to operate, not at investment repayment.
The figure is a preliminary estimate for the entire project, not a minimum investment or a fixed contribution required from a partner. Participation and financing terms are agreed individually. Costs and timing depend on preparation, permits, delivery and the chosen exit strategy.
The target value is not a valuation of the property today or a guaranteed sale price. An income-based sale would require a stable operating record and an agreed valuation method.
PROJECT PROGRESS
Property in use; study for a new use prepared
Assess refurbishment and prepare permitting
Phased refurbishment and launch of accommodation
Future steps depend on due diligence, permitting and agreement with a partner; these are not confirmed dates.
Project scope
An operating property with a prepared accommodation study. We seek a partner for refurbishment and launch; the property could then generate income or be sold as an income-producing asset.
THE PROPERTY TODAY
The property is currently rented and used for building-material retail, offices and storage. The grounds also contain shelters, an additional storehouse, a gazebo and paved areas.
The ground floor has been partially refurbished. The extension is largely newly built; the remaining parts of the building require refurbishment. A study for the new use is prepared, but permitting has not started.
LOCATION & VIEWINGS
Lemešany, Slovakia. Use the shared location pin to find the property.
Viewings by appointment are available to investors and prospective buyers or tenants of the future spaces. We will show you the property in its current condition and introduce the refurbishment concept.
The future division of spaces remains open to discussion, subject to the interested party's needs and technical and permitting possibilities.
Request a viewing by emailUSE OF CAPITAL
The indicative amount excludes VAT and is intended mainly for a comprehensive refurbishment. The exact allocation and drawdown schedule will follow the detailed budget and permits; no fixed split between stages has been set.
Technical review, detailed refurbishment budget and permitting preparation.
Progressive works on the remaining parts of the building and the required technical systems.
Fit-out of planned accommodation and preparation for launch, subject to the approved design.
ILLUSTRATIVE OPERATING MODEL
Nine scenarios at €11 per occupied bed per day including VAT, an average 30-day month and operating costs of 20% of guest payments. The VAT calculation assumes qualifying accommodation services at 5%.
€6,952monthly after output VAT and modelled operating costs
€7,945monthly after output VAT and modelled operating costs
€8,938monthly after output VAT and modelled operating costs
€8,690monthly after output VAT and modelled operating costs
€9,931monthly after output VAT and modelled operating costs
€11,173monthly after output VAT and modelled operating costs
Requires additional investment beyond the €500,000 framework
€12,166monthly after output VAT and modelled operating costs
€13,904monthly after output VAT and modelled operating costs
€15,642monthly after output VAT and modelled operating costs
Illustrative arithmetic: beds × €11 incl. VAT × 30 days × occupancy; revenue excl. VAT = guest payments ÷ 1.05; operating costs = 20% of guest payments. Monthly figures are rounded to whole euros, then multiplied by 12 for the annual figure. The 5% rate assumes qualifying accommodation services; longer-term rental arrangements may be treated differently. Input VAT recovery, income taxes, financing, capital expenditure, replacement reserves and other income are not modelled. These figures are not actual results, net profit or a guaranteed return.
Mlyn Lemešany is currently rented for building-material retail, offices and storage. The study envisages mainly accommodation for companies and their employees, serving both longer stays and short business trips, with complementary retail or office space. The preliminary concept envisages approximately 15–20 rooms. The operating model assumes at least 40 beds, ideally 50; an expansion to 70 is considered only after further investment. These are planned, not permitted, capacities.
The study is prepared; permitting has not started. The 12–18 month estimate runs from the partner's entry to completion and readiness to operate. Once accommodation is established, the property could generate recurring rental and service income. An alternative is to sell the income-producing property with the partner; the achieved price will depend primarily on verified net income and market conditions. The timeframe is not a payback period or a financial settlement date.
We seek a partner for a comprehensive refurbishment of the owned property and its launch into operation. The indicative €500,000 investment framework is intended primarily for refurbishment, drawn progressively by project stage. The detailed budget, partner contribution and ownership shares will be agreed individually. Expansion to 70 beds requires further investment that has not yet been estimated. Once operations are completed and stabilised, we are working towards an estimated value of approximately €1m, to be supported by actual income and an independent valuation. This is neither the property's current price nor a guaranteed return or sale price.
NDA • PRIVATE ACCESS
Detailed supporting records and financing terms are discussed individually. Access to the private project overview requires an NDA and individual project approval; registration alone is not sufficient.
* Indicative information only. Final terms depend on due diligence and the agreed structure.