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8 apartments and a tavern for sale, in prestige location. Elounda

970,000 €
  • Total area
    300 m²
  • Land area
    432 m²
  • Bedrooms
    8
  • Bathrooms
    10
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Features
  • Balcony or terrace
  • Furnished
  • Garden
  • Sea view

Located on the coastal road of Elounda, one of the best spots on the island for commercial properties. The property consists of two buildings on a plot of 423 m². The front building comprises: Restaurant/Café on the ground floor of 81 m². In front of the restaurant is an open air seating area of about 35 m². Above the restaurant are 3 apartments of 76 m² in total. Two of these apartments have stunning sea views. The building to the back comprises: 3 apartments on the ground floor of a total of 84 m². and two apartment on the top floor of a total of 53 m². Out of the 8 apartments, 5 have been fully restored and the other 3 need to be upgraded. If one desires, the restaurant (81 m²) could be converted into another 2 ground floor apartments of about 40 m² each. Within a short walk to the property is the centre of Elounda with many shops and the main sandy beach of Elounda. There is a small pebble beach, right in front of the complex. The province capital, Agios Nikolaos is a 10 minute drive from here. The international airport of Heraklion is only a 40 minute drive from Elounda. Agios Nikolaos Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 40 mins 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.

Extra opportunities

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

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      FAQs
      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

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      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

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