Full Description

• Rare and impressive opportunity to purchase a potentially lucrative hotel in Lithuanias most beautiful Regional Park. Hotel is over 3floors with basement and storage space • Hotel has 12.456 SQ² of habitable space and is an ideal opportunity to start a B&B business, or to re-open it as a Hotel, wedding venues and conference halls. The property is in need of refurbishment and updating but the basics for the business are already in place. The property is situated in the Pinewood of Punia by a 19 km long bend of the Nemunas River. Its museum of forestry contains a great collection of hunting trophies, utilities of rural household, and tools for forest work. The pinewood and settlement of Punia belong to the Regional Park of Nemunas Bends, safeguarding the great Nemunas bends. 20 km from Alytus city. Property information Property: Freehold Living accommodation: Ground floor: • Main reception area. • Lounge. • Further lounge with bar. • Restaurant. • WC. • Kitchen. • Cold store. • Self contained apartment (3 bedrooms). • 15 Guest rooms with en-suite • Basement: • Two seminar/function rooms. • Two cellars • Laundry. • Boiler room The hotel has attached grounds of 1.1680 hectares . Location: 20km from Alytus city. Other information Expansion potential: Enormous development opportunities. UE planning consent in place. Lithuania represents a wonderful opportunity for a real estate investment as property prices continue to increase at over 20-25%. Fuelled by the recent accession to the EU, the Lituanian economy is one of the strongest of the emerging European countries leading 'The Economist' to remark - 'look to Lithuania...to find the highest growth rate in Europe, booming exports, zero inflation and rock steady currency