Hotel on the seafront, Paros Island, Greece

Additional information is provided after the signing of an NDA

Hotel on the seafront, Paros Island, Greece

1,450,000 €
2,230 € /m²
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  • Total area
    650 m²
  • Yield
    8.0 %
  • Rental rate (m²/month)
    14 €
  • Built in 
    1978
Details
Property parameters
  • Land area: 500 m²
  • Total rooms: 22
Financial performance
  • Annual income: 116,000 €
Property status
  • Most recent total renovation: 2018
Distance to:
  • Sea at 70 m
Features
  • Beachfront

The hotel in 70 meters from the sea.

Description

The hotel includes:

  • 22 rooms
  • reception desk
  • restaurant

The hotel was renovated in 2018.

Extra opportunities

We can help you get a Gold Visa (permit without tax residence) when buying a property worth €250,000 or more.

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Financial performance

The average annual income is 116,000 €.

The average yield is 8%.

Tenants

The current operator is ready to extend the existing contract for at least 5–7 years. It is also possible to acquire the hotel under own management.

Location

The property is located in the capital of the island of Paros, Pariquier, 250 meters from the port.

Paros, the third largest island of Cyclades, in recent years has become a modern tourist center. The southern half of the island, until recently uninhabited, is now being intensively built up by tourist villages.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other hotels for sale in Greece.

You can see more hotels for sale in Paros elsewhere on our website.

Statistics in Aegean Isles

Price per m², €
890
Real estate Price, €
Apartment in the city centre, m² 890.0
Apartment in a bedroom community, m² 850.0
Transport Price, €
Public transport, 1 ride 1.5
Taxi, 1 km 1.15
Petrol, 1 l 1.7
Food Price, €
Water, 1.5 l 1.01
Milk, 1 l 1.55
White bread, 500 g 0.8
Eggs, a dozen 2.22
Chicken fillet, 1 kg 5.5

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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