Commercial property for sale in Arkadi

Small hotel unit with 12 rooms for sale in Sfakaki. This is a property consisting of five maisonettes and seven studios. There are also common use areas and a swimming pool. The total area of the building complex is about 550 sq m. Most rooms offer sea views. Overall, this is an interesting investment move as it is a huge building with a reasonable initial asking price. The equipment is also being sold together with the building, though is relatively old as the complex has not been operating for several years. The photos do not accurately depict the current situation as they are from when the hotel was in operation. Its current condition is satisfactory and certainly not as good as it appears in the photos. In any case, the asking price per square meter is very good even if the investment cost for the renovation is added. The renovation that will be needed has mainly to do with the landscaping and modernization of the property as the supporting structure is in good condition. The reason that the property is offered at such an economical price is that it carries financial burdens and these will need to be repaid in order to complete the process. In any case, there is the agreement of all parties involved for the sale, so there will be no question of blocking the process. Therefore, the price can be discussed further in the event that there is an interested party who will enter the process of submitting an offer for this specific property. In conclusion, the size of the property in combination with the location in which it is located and its financial status certainly constitutes an excellent investment option for someone who has the immediate ability to purchase. Responsible for the listing is Mr. Konstantinos Μoullos, licenced realtor with General Commercial Registry Number (GEMI) 3469607. Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.

Commercial property for sale in Arkadi

Hotel Σφακάκι, Pigi, Arkadi

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