№ 1,764,841

Seafront tourist apartments, right at the sea promenade of Agios Nikolaos

1,850,000 €
2,466 € /m²
  • Total area 750 m²
  • Yield
  • Lease term
  • Constructed
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Anastasia Morozova
Anastasia Morozova
Investment consultant in Agios Nikolaos (Crete)
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    Key project parameters
    Total area
    750 m²
    Project description

    Building of 10 holiday apartments and 2 shops (cafeteria and restaurant) for sale, right at the sea promenade of Agios Nikolaos and next to the harbour, offering fantastic sea, island and sunrise views. There are 9 apartments of 40 sq. meters each and 1 apartment of 25 sq. meters. The apartments are furnished, have a kitchenette, fitted with a refrigerator, air conditioning and sea-facing balcony. The whole building is 750 sq. meters in size, built on a plot of 327 sq. meters. There are 2 shops/businesses on the ground floor, both together are 150 sq. meters in size and each of them is offered for lease at 32,000 Euros plus rent of 750 Euros per month. The whole business building (the apartments and the shops on the ground floor) is also offered for rent at 50,000 Euros annually. The town center as well as the nearest beach is only a short walk from these apartments. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 45mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round. 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 large modern European town. The microclimate is one of the best in Greece and the moderate temperatures rarely exceed 30c in summer or fall below 15c in wintertime. This wonderful dry climate together with the natural beauty of the area has attracted most of the high class hotels of Greece to operate here.

    Extra information
  • Golf course

    Golf course

  • Tenants
    Agreement
    n/a
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    annual yield
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    investment exit horizon
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