- 27,285,000 €
- 4.7% yield
This three-story building is located in one of the most promising areas of Corfu, just 150 meters from the port, an area poised for significant growth. The port is set to increase its value with the planned development of a marina that will accommodate luxury yachts, providing direct access to the city. This makes the property even more attractive, as its proximity to the port enhances its potential for a variety of professional uses, including the possibility of establishing a luxury hotel or tourism-related business. With a history dating back to before World War II, the building has hosted offices and shops on all its floors over the years, offering a versatile use through time. Despite its historic charm and original structure, extensive renovation work is needed to restore the property and make it suitable for modern uses. A complete reconstruction will ensure the building’s functionality, while the option of adding extra square meters further increases its investment value, providing an opportunity for expansion and enhanced business potential in the area.
If this property wasn’t for you, take a look at other investment property for sale in Corfu.
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