SIVOTA MARINA PC PROJECT
Following the Signed Extension of the Construction Permit of Sivota Marina PC Project on 16/1/2020, up to 31/12/2020, by an Amendment to the Concession Agreement with the Ministry of Tourism of Greece, here is a short description about Sivota Marina PC Project.
Τhe project consists of acquiring 100 % the shares of existing company Sivota Marina PC which holds the right to be the Management Entity on constructing and operating the tourist boat harbor “SIVOTA MARINA” in the location of Zeri Sivota of the Municipality of Igoumenitsa, Regional Unit of Thesprotia GREECE. The legal permits/Concession Agreement by the Ministry of Tourism of Greece allows the use, by Sivota Marina PC, for ~35 years, ~19.500 sea m2 and 1.400 m2 land size to construct a private marina for 90 berths along with 4 fuel tanks and Mini Market.
All the legal permits and plans to construct the marina are signed by the Ministry of Tourism of Greece, however new investors will have the flexibility to adjust marinas plan in terms of number of berths or category of vessels. The Marine Concession Agreement of ~19.500 sea m2 signed by the Ministry of Tourism for this specific area allows, due to the depth (5.5m), even 40m luxury yachts to approach.
The following documents will be at your disposal by following mails:
• Exclusive Mandate Contract Ninos Ioannis
• Concession Agreement by Ministry of Tourism of Greece
• Amendment to the Concession Agreement / permit to construct the marina
• Legalize Sivota Marina PC Company Documents
• Full presentation and Business Plan
• Open excel of the Business Plan
• Government Gazette (2) describing permits and plans for the Sivota Marina Project
• Approved environmental impact assessment
• All appropriate Technical Surveys
• Budgetary Proposal to construct the marina by multinational marine constructor
• Example of Seaplane Landings
• Marine plans For Discussion
• Sivota YouTube links (3)
A business plan which contacted, without the perspective of the sea plans opportunity, with asking price ....... € to acquire company Sivota Marina PC and 1,5 m € proposed capital expenditure to construct the marina along with the fuel tanks, shows mostly interesting results in terms of profitability, PκL, IRR(20) etc. The 50% of the Capital Expenditure shall be covered by means of grant from the Greek State, as stated in the Concession Agreement, Article 4
The area of Sivota is one of exceptional beauty, even for Greek standards, selected by the Greek Ministry of Tourism to be promoted as he Caribbean of Greece.
It is a really a Unique Opportunity considering that in the Ionian Sea from Corfu to Patra there are approximately 40.000 yachts searching for berths with only 2,255 berths existing (Gouvia in Corfu 1,235 - Lefkas 620 - Kleopatra 100 κ Preveza 300).
It is also important to mention that We do own the exclusivity of the project, by the owners, to contact all appropriate negotiations, presentations, adjustments or anything needed to be done.
Please notice, that because of an ongoing due diligence, we would highly appreciate if we could have a replay with a valid LOI, if a solid interest exists.