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Residential Golf Resort Opportunity
Location Latvia
Asking Price Range $10.0M - $20.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2009
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Retirement Sale
Description timberlandhillsgolfresort.com
For sale. 7.95 million Euros (USD 11.1 million). This 294-hectacre development site for sale is located in Dobele, 86 km from the Latvian capital Riga and only a 45-minute drive from Riga International airport. The location and the superb natural environment provides an excellent tract of land for developing an 18 hole 'PGA style' golf course complete with clubhouse. The planning approval allows for 596 housing plots with an average size of 2,000 mý, consisting of 155 front-line golf properties and 441 golf villas, so creating a prestigious gated residential community with international appeal.
The approval for the 300 room five-star hotel includes restaurants, lobby bars, outdoor cafes, swimming pools, tennis courts, spa, conference and tourism services, together with the potential for a Casino gaming licence serving a growing tourist industry. A full Environmental Impact Assessment has been carried out as part of the land approval process which has been supported by the local community and complies fully with current EU environment legislation.
This project provides an exciting opportunity for investors and developers with vision, to purchase a unique piece of land with the mutual benefits of integrating golf, real estate and tourism to create a profitable, high-profile and environmentally sustainable venture. Tenure of the land is freehold. All enquiries to Phil Christie. Email or call Tel: (0044) 754 555 4796.
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