This is a 20 acre beach resort well maintained and running in Ganpatipule.Ganpatipule is a famous pilgrimage center & holiday destination in Maharashtra.
The resort however is running a bank loan on which it has defaulted. The non performing loan stands INR4cr, that is less than 10% of market value of the property of INR60-65cr. The property is open for sale, lease out ,joint venture or redevelopment as sea facing independent bungalow. We are also able to provide a new management team to run the business, in case you need. As this will be a distressed property sale, buyers can avail first movers advantage with a price disproportionately below the current market value. Thanks!
The beach property has 32 AC Cottage Rooms, 4 Deluxe Bunglows, Swimming Pool, Gym., Health Club, AC Conference Halls, AC Restaurant, Generator Room, Staff Quarters, Filtration Plant, Sewage Treatment Plant, Helipad, Horse Stable etc. The total constructed area is 35,000 sq. ft. Drinking water is in plenty and available from the 2 wells dug and constructed in the premises & fitted with filtration plant. There are more than 2000 Coconut plantations, 500 Alphonso Mango plantations & about 100 Supari plantations in the property which are at present all fruit bearing along with other fruit & flora plantations. There is a drip irrigation system set up in the premises for watering the plants. Given a steep discount from the market value, this is likely to give a solid foundation and a strategic locational advantage.
This is an excellent opportunity to recapitalize the business with equity investment as well as debt instruments, and offers a great rate of return.