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Property Description
This is a distressed 3-star resort available for sale in Lonavala, situated opposite Mapro Garden Road and next to Orchid Hotel on Old Mumbai Pune Road. The property covers approximately 1.15 acres of land with a built-up area of about 27,000 sq ft and comprises 57 rooms (keys).
Property Details
- Located on prime frontage on Old Mumbai-Pune Road opposite Valvan Dam in Village Valvan, Lonavala
- Includes 5 conference halls, a restaurant and bar, a swimming pool, a laundry setup, and a sewage treatment plant (STP)
- Ample parking space for over 40 cars and a security cabin
- All necessary licenses in place with clear title free from encumbrance
The property is ideally suited for hospitality investors interested in immediate takeover and revival. The owner is selling due to settling abroad, and this is a distressed sale with a fixed rental income potential of approximately Rs. 20 lakhs per month. Brokerage is applicable side by side. For site visit or more details, contact AV Properties.
Frequently Asked Questions
The asking price for the resort in Lonavala is Rs. 43 Crores, which is non-negotiable.