Hotel, Corfu, Greece

Additional information is provided after the signing of an NDA

Contact an agent at Tranio.com, and we will help find the perfect property for you, wherever it may be.

Hotel, Corfu, Greece

1,800,000 €
1,139 € /m²
Learn the property location
Send the listing to yourself
  • Total area
    1,580 m²
  • Yield
    11.1%
  • Built in 
    1998
Details
Property parameters
  • Land area: 8,030 m²
  • 3-floor building
Financial performance
  • Annual income: 200,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 2.0%
Distance to:
  • Sea at 52 m
Features
  • Balcony or terrace
  • Beachfront
  • Furnished
  • Swimming pool
  • Sea view

The hotel complex on the island of Corfu.

Description

The hotel consists of 2 complexes, 3 additional residential buildings, two swimming pools (including a children's one).

Complex A was built in 1998.

It includes the main building of 470 m², 3 two-storey houses (maisonettes) of 145 m², 154 m² and 159 m², a one-storey residential building of 60 m².

The first maisonette consists of a living room with a dining area and a kitchen on the ground floor, 3 bedrooms and 2 bathrooms on the first floor, two covered verandas.

The second maisonette consists of a living room with a dining area, a kitchen, a bedroom and a bathroom on the ground floor, 3 bedrooms and 2 bathrooms on the first floor, two covered verandas.

The third maisonette includes a living room with a dining area, a kitchen, a bedroom and 1 WC on the ground floor, 3 bedrooms and 2 bathrooms on the first floor, 3 covered verandas.

Complex B was built in 2000.

It includes the main three-story building of 10 apartments from 29 m² to 80 m², a covered barbecue area with lounge zone of 75 m², and a small residential building of 53 m².

Financial performance

The absolute annual income is 200,000 €.

The current yield of 11,1%.

Tenants

The hotel is leased.

The lease agreement between the owner and the tenant is signed every year in October.

Transaction costs

Brokerage fee is 2% + VAT 24% (total 2,48%).

Location

The hotel complex is located in the north of the picturesque Greek island of Corfu directly on the first coastline, overlooking the Ionian Sea.

The beach is in 52 meters from the hotel, the length of the coastline of the complex is 73 meters.

The distance to the nearest coastal tourist village is 2 km, to the capital of the island of Corfu — 35 km.

More properties

If this ad doesn't suit you, have a look at the other hotels for sale in Corfu.

All ads in the country: hotels for sale in Greece.

Learn more about this property
Ask the Destination Manager your questions
Learn more
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina
    Marina Filichkina,
    Head of Sales
    Learn more
    Similar listings

    We select ads that may interest you.

    Not sure what to start with? Send an advice request
    Our expert will contact you to help with selecting real estate.
    Ask a question
      I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
      Sofia Bulanova,
      Senior Investment Consultant
      flag icon
      Dubai, UAE
      Tranio Global Real Estate, Ohmydesk Business Center, Al Fattan Downtown, 32d St, 103-104, Al Satwa Dubai, UAE
      flag icon
      Torrevieja, Spain
      Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
      flag icon
      Athens, Greece
      Tranio LLC, Vissarionos, 4, 10672 Athens
      flag icon
      Berlin, Germany
      Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
      Send a request