Land area (square meters) | 16,000 |
gross infrastructure (square meters) | 10,000 |
Net infrastructure (square meters) | 9,200 |
How to assign land | Purchase of Nehchir historical citadel |
Castle purchase cost (Euro) | 960,000 |
Fixed investment capital excluding the purchase of the castle (Euro) | 2,236,474/20 |
Annual income from operation and rental (Euro) | 904,416/80 |
Annual operating cost (Euro) | 446,088/40 |
Net Present Value (NPV) (Euro) | 1,146,303/12 |
Internal Rate of Return (IRR) | 7/0% |
Pay Back Period (PBP) | 16th year of investment/ 13th year of operation |
One of the most populated and industrial areas in the south of Isfahan province is Mobarakeh city, which can attract tourists from neighboring provinces and foreign countries. The tourism complex of Nehchir Mobarakeh historical hotel and citadel in the vicinity of Mobarakeh city has a lot of potential in the field of entertainment, catering, and services, which are discussed in the report. As a service-catering complex, to provide relevant services to industries such as Foulad Mobarakeh Steel Company and other industries near the area.
In total, the construction of Nehchir Mobarakeh Hotel and Citadel tourism complex will be built on a land with an area of about 16,000 square meters and will cost about 2.23 million Euors. One year has been taken to complete the studies and land purchase and two years for its construction, and the investor’s operation period will be 20 years after the start of operation.
Based on the data and assumptions presented in the report, the current value of the cash flow is positive, the internal return rate is equal to 7%, the benefit-to-cost ratio is 1.12, and the investment return period will be the 13th year of operation, all of which indicate a suitable economic profit.
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