Bargain Bunker Purchase in Switzerland
I’m skeptical, but stranger things have happened… First drool over the property:
The unique hotel is a conversion of an underground artillery fort at the heart of the Gotthard. Some 250 metres underground, the stunningly situated luxury hotel consists of 17 rooms, a restaurant, library, spa and swimming pool, as well as 4,000 square metres of conference space, Le Matin reported.
The hotel, designed by Jean Odermatt as a kind of meditative post-modern monastery, was opened in 2004 after private investors and the Swiss state invested 4 million francs ($4,092,400) to carry out the necessary works.
The hotel was declared bankrupt in 2010 due to insufficient visitors and high operating costs. The electricity bill alone came to 60,000 francs ($61,373) a year.
Now drool over the purchase price:
Lucia Filippi, the new owner of the La Claustra hotel, said he attended the auction without any intention of purchasing the property. When the auction had eventually kicked off with a call for an opening bid of 1,000 francs ($1,023), he timidly put up his hand and was entirely amazed when no further bids followed.
Full story at The Local.
[…] You know how you hear stories about people buying something at auction for a bargain basement price, like a foreclosed home? Well, it can happen with bunkers as well – earlier this year in Switzerland someone picked up an underground hotel for just $1000. […]