I am impressed , you make a great broker, copy and paste all of Sothebys' listings, like he did, and print bidness cards, and you are good to go.
ha ha, i am not saying it's worth it, mind you, only running a comparison. it does not make sense as an investment to do individual house resale, even if the 5 outbuildings can be redone as proper houses. it does not make sense as a hotel type of business either, with the initial investment being so high.
i understand where the asking price is coming from, thou. the grounds are well kept, there are internal roads, buildings are in a good condition. lots of money was invested there. the issue is that there is a limit where an investment into the property raises its value and where it becomes unrecoverable. our house is worth roughly the same as other properties on the street, both in terms of the size of the house, size of the land and the immaculate state of the property. but if i put in all marble floors, expensive kitchen, tiled swimming pool and golden taps in the bathrooms i will not be able to recuperate the costs. it will not raise the value of the house as its location and size will not change.
it is the same in this area. it is clear from the photos that the place is well taken care of and beautifully maintained. the buildings are seemingly well made and well kept. but a buyer is in it for a profit and at this price i see no profit being made.
