Beachfront hotel in Elounda
This is a unique property in many respects including location, versatility, and investment profit return.
Location: It is the only property in the cosmopolitan area of Elounda resort, with so many legal m² of building, exactly on the water’s edge. Even the basement (sea level) has a permit to be used as main living space. Versatility:
The property can be utilized in a number of different ways. It can be renovated as a 6 luxury apartment’s hotel, a 2 luxury villas complex or one Royal villa. The building already has a hotel license and if it is renovated as 5 stars it can be funded by the European Union with 50% of the total cost (including the purchase price) if done by a Greek or European Union company.
Also, the company can rent the beach in front of the property, for exclusive use. APARTMENT HOTEL OPTION Six luxury apartments (or 12 suites) can be constructed. 2-VILLA OPTION One villa with 4 large bedrooms with en-suite bathrooms, kitchen, dining area, and living room can be constructed on the side road. Total area 336.69 m². One villa with 3 large bedrooms with en-suite bathrooms, kitchen, dining area, and living room can be constructed from the other side of the property, with a total area of 270.09 m². 1-VILLA OPTION One unique villa can be constructed with a total area of 606.78 m².
It will include 7 large bedrooms with en-suite bathrooms, 2 kitchens, 2 dining areas, and 2 living rooms plus spa and gym rooms etc. Currently, we have started the process to issue a building-renovation permit for the 2 villas, but this can be changed according to the client’s wishes.
There is also the possibility to buy the company that owns the property, which means faster transaction and lower tax charges. Elounda was a small fishing town on the Mirabello Bay, on the island of Crete. Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda. Part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 40 mins away from the international airport of Heraklion.
Although Agios Nikolaos has a population of less than 20,000 it has several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a modern European town.
General information... Bedrooms: 24. Bathrooms: 12. Floor Area: 607m2. Property area: 450m2.
20 750 000 SEK
2 000 000 EUR