Beach hotel in Sfakaki

Sfakaki 741 00, Greece
For Sale €550,000 + Expenses - Investment
IRA155 421 Sq M 8 Bedrooms 8 Bathrooms
Small hotel with potential straight on the beach. Hotel was built in 1993-1995 and has been closed years, thus needing renovation. It has 7 spacious double apartments (~40m2 each) with kitchenette and with balconies and sea view and 1 apartment (~25m2) with double bedroom and kitchenette and balcony with sea view.Property is laid over 2 levels and sits right on the sandy beach. There is separate building with reception area. No swimming pool. Building has large basement area under reception (~75m2) and hotel itself (~150m2). The whole land is 1009m2 and has additional building allowance of 300m2 meaning that hotel can be expanded. Property has great location but some further investment is needed. It used to work as a family business and has EOT license granted (official license for hotel business) until recently but has lost its commercial look over past years. Area is not too touristy and has some hotels, taverns and supermarkets nearby. Location is great. Ideal for small investors as a family business. It needs some renovation, refurbishing and great marketing.

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Agent Phil

Phil Ambrose
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Hi my name is Phil, after 1st moving to Crete in 1998 and instantly falling in love with the island…
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