A Convention Center and Shopping Complex for Sale in Alappuzha

Business For Sale

Real Estate

11-12-2024

Listing Details : LB-15495

Asking Price	18 Crs
Turnover	7 Lacs
Legal Entity	Proprietorship
Category	Real Estate
Sub Category	Commercial Pre-Leased
Business Listed By	Business Owner

Contact Information

Overview

A premium convention center with a shopping complex is available for sale in the prime location of Alappuzha, Kerala. Established in 2018, this property boasts a total carpet area of 30,000 sq. ft. The facility features a fully air-conditioned auditorium spanning 16,000 sq. ft., with a seating capacity of 700 people and an adjacent dining hall that can accommodate 300 guests. Additionally, there is a non-AC auditorium of 7,500 sq. ft., capable of seating 450 people, along with a dining hall for 170 guests. The shopping complex, covering 2,500 sq. ft., includes a rented hypermarket generating a monthly rent of ₹80,000. The property is sanctioned for 14 rooms, of which 6 are partially completed. Ample parking space is available, accommodating up to 100 vehicles. The center hosts a wide range of events, including weddings, parties, and corporate functions, with bookings confirmed until September 2025. The current monthly income stands at ₹7 lakhs, ensuring steady revenue for potential buyers. This property offers a unique investment opportunity in a high-demand area, blending commercial and event spaces.

Year of Establishment

2018

No. of Employees

Current Status of Business

Running

Business Relocatable

Property Type

Owned

Property Value

N.A

Property Classification

N.A

Describe Property

N.A

Competition / Market

Yes we have some competition

Products & Services

The facility features a fully air-conditioned auditorium spanning 16,000 sq. ft., with a seating capacity of 700 people and an adjacent dining hall that can accommodate 300 guests. Additionally, there is a non-AC auditorium of 7,500 sq. ft., capable of seating 450 people, along with a dining hall for 170 guests. The shopping complex, covering 2,500 sq. ft., includes a rented hypermarket generating a monthly rent of ₹80,000. The property is sanctioned for 14 rooms, of which 6 are partially completed.