For Sale : Neoclassical Building in Crete, ChaniaRef. No.: GPG12627

Property Details

  • » For Sale (€)980,000
  • » Ref. GPG12627
  • » Chania
  • » Crete, Greece
  • » Neoclassical Building
  • » Resale Property Investment Project
  • » 440 m² Covered Area

Views / Distances

  • » Shops/Amenities Nearby
  • » Close to the port
  • » Airport: 15 min drive
  • » Town: Walking distance
  • » Beach: 5 min Drive

Land Characteristics

  • » Commercial zone
  • » Tourist zone

Description

Prime located historical buildings in the heart of Chania Venetian old town, walking distance to the Venetian harbour.  These assets are comprised two different adjacent buildings, with the plan to connect and turn into a boutique style hotel.  Thus, a renovation is needed.


• Covered Areas of each villa: 440m²
• Location: Venetian town of Chania
• Potential Profit: develop a boutique style hotel like ‘monastery’ with hotel income annual profit: 10%
• Potential Hotel with 10 Suites, plus Reception, breakfast area
• Project’s Duration: 18 months (cause we can’t build during summer time in the old town)