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Unique opportunity: complex of 4 bungalows and 8 Maisonettes in a complex in Akrotiri.

Property IDK1526
HellaspropertyYes
Type of usageLiving
Marketing methodPurchase
Property classHouse
Property typeApartment building
ZIP code73100
TownChania
CountryGreece
Regional additionKreta
Living area1.020 m²
Usable area1.100 m²
plot surface2.200 m²
Number of rooms30
Number of bedrooms20
Number of bathrooms12
Number of floors2
Purchase price790.000 €
External commission3,48 % inkl. MwSt. vom Kaufpreis
Currency
Property IDK1526 HellaspropertyYes
Type of usageLiving Marketing methodPurchase
Property classHouse Property typeApartment building
ZIP code73100 TownChania
CountryGreece Regional additionKreta
Living area1.020 m² Usable area1.100 m²
plot surface2.200 m² Number of rooms30
Number of bedrooms20 Number of bathrooms12
Number of floors2 Purchase price790.000 €
External commission3,48 % inkl. MwSt. vom Kaufpreis Currency
Property description The property is comprised of 12 self contained bungalows that were built in 1980. In specific, there are 4 onebedroom villas and 8 two-bedroom maisonettes that feature the traditional stone architecture beautifully nesting in a 2,200 square meters land that is full of rich gardens and lines of trees.

The one-bedroom villas can accommodate up to 3 persons (about 60 sqms) while the two-bedroom villas
can accommodate up to 5 persons (about 110 sqms). A typical maisonette of the property is a two level family house with a flower garden. On the ground floor, there is a dining/living room with a stone corner fireplace, a kitchen equipped with an oven, a rest room and a small veranda. On the 1st floor, there are 2 bedrooms (1 double bed and 1 twin bed room), a bathroom and a large veranda. Round the “maisonetas” there are stone-built pathways, planted garden with flowers and trees and in front of the complex parking are for 12 cars.

All the maisonetas are offered for any kind of professional use as well exploitation. Keep in mind that the
complex of 12 maisonetas has already rented partly for long term leasing.

The Villas complex is considered to be an excellent investment opportunity given that real
estates of equal size and potential are simply not available any more in such a highly valued location.

The selling price to be paid for the “ Villas” property is a real opportunity !
Location: The property is situated in one of the best touristic resorts of the island of Crete; the “Acrotiri” area within the location prefecture of Chania district offers the appropriate environment for unique holiday experience. This exclusive touristic complex is only 12 minutes drive away from the cosmopolitan city of Chania in West Crete and

It is ideal to locate your permanent or holiday residence as well as to invest in a property with rentable villas close to the seaside.

The area provides easy access to a small town in a two 2 klm distance nearby in an area were most built with villas and with restaurants, traditional tavernas, all kinds of shops, banks. In a distance of approximately 5 kms is the “Chania Airport”, and the sandy beach of an picturesque village. For a taste of the local cuisine, there are several traditional taverns with live local music within walking distance from the complex (5-10 minutes).
Equipment: The complex is in need of renovation, the buildings are in a good substance.

The style and charm of the houses are interesting and worth updating the building with a renovation.

According to estimates, it would cost about 200,000 EUR to renovation, as a rough estimate.

The current market value would be over EUR 1.0 million after a renovation.

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Konstantin Korakas Immobilien

Ihr griechischer Makler mit deutschen Standards!