- land563 m²
- roomN/A*
- bedroomN/A*
- Area1,300 m²
- ConstructionN/A*
- ConditionN/A*
- ParkingN/A*
- bathroomN/A*
- Shower roomN/A*
- ExposureN/A*
- HeatingN/A*
- ToiletN/A*
- KitchenN/A*
Hotel Crète (Greece)by barnes greece
HotelCrète (Greece)Price : $2,617,500 ($2,013 / m²)
$2,617,500
($2,013 / m²)
Why this property will seduce you
- Strategic Urban Location: Immediate proximity old town, university, sea.
- Boutique Hotel Potential: Independent 7-level building, strong development potential.
- Current Rental Income: Property currently leased, ensuring stable income.
The property has a total surface of 1,300 sq.m., set on a 563 sq.m. plot, and is developed across 7 levels, comprising 19 apartments.
The layout includes both studios and larger apartments, featuring functional and dual-aspect spaces on the main floors, while the ground floor accommodates the reception area. Additionally, due to the natural slope of the plot, several units benefit from enhanced natural light and the feeling of being on a higher level.
Partial upgrades have already been carried out, including the renovation of some bathrooms and the aesthetic improvement of the façade. However, the property requires full renovation.
The building is currently leased, ensuring a steady income stream. Its location, close to the university and approximately a 15-minute walk from the sea, supports strong demand both year-round and during the tourist season. The wider area is undergoing redevelopment, further enhancing its future value.
A rare investment property in the center of Rethymno, distinguished by its location and offering substantial development potential.
Advertiser reference : 13837Le Figaro Properties reference : 102103315
Its assets
- Elevator
In detail
* : Information not provided by the advertiser
Hotel Crète (Greece)
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