Rethymnon, Rethymnon, Crete, Greece
- PROPERTY TYPE
Commercial Development
- SIZE
4,853 sq ft
451 sq m
Key features
- huge potential for investment in the center of Old Town Rethymno
- Land in size of 492, 11 sqm Building of 450,84 sqm
- The total building allowance on the plot is 738 sqm
- reconstruction documentation to be turn to a luxurious Boutique Hotel of around 1.000 sqm
- the price of 1.750.000 euro includes the reconstruction project.
Description
It consists of:
Land in size of 492,11 sqm
Total area of the building is of 450,84 sqm with main use 385,86 sqm and auxiliary use: 64.98 sqm:
- Basement: Area = 25,37 sqm and includes a warehouse with an area of 18,48 sqm and a staircase of 6,89 sqm
- Ground Floor: Area =185,64 sqm and includes the former bank store
and offices with an area of 165,86 sqm, 2 staircases of 19,78 sqm and a balcony area of 19,83 sqm
- First floor (loft): Area =38,22 sqm and includes loft space, storage room, w.c.
- Second floor (residential): Area = 162,00 sqm a former residence with dining room, living room, kitchen, 4 bedrooms, bathroom.
The total building allowance on the plot is 738 sqm (1.5%) so, there is still left permission for other 230 sqm building.
The building needs renovation but is still in very good condition featuring traditional Venetian architectural elements.
Having an excellent location, the front on two streets, garden, a great size and building allowance left this property is suitable for anything one might think (bank, hotel, meeting/conference place, shops, private school etc.).
The property has presently a full reconstruction documentation to be turn to a luxurious Boutique Hotel of around 1.000 sqm (with 46-54 beds approved), with swimming pool on the roof and best solutions to be exploited at its maximum capacity.
By this project there are joining touristic rental business (16-17 rooms providing around 38 beds with an extra sofa beds of approx. 15), café-bar-restaurant (breakfast area, roof garden, coffee place) and spa (sauna, gym, beauty center).
The property it has the ability to apply 3 actions: Boutique hotel, Coffee-cold plate and Woman care operational all year round.
The price includes the reconstruction project.
Rethymnon, Rethymnon, Crete, Greece
NEAREST AIRPORTS
Distances are straight line measurements- Chania(International)21.9 miles
- Heraklion(International)39.8 miles
- Sitia(Local)92.8 miles
Advice on buying Greek property
Learn everything you need to know to successfully find and buy a property in Greece.
About the agent
QPS Real Estate, Rethymno
16 Venizelou Rethumno Crete 74100
QPS is one of the fastest growing real estate agencies in Crete.
Since 2006, we are painstakingly and constantly searching for, filtering and offering some of the best properties in central Crete, to make sure that we take you home.
Quality, honesty, trust and closeness are the values we are operating with. Use our experience and know-how like hundreds of buyers and sellers before you!
Notes
This is a property advertisement provided and maintained by QPS Real Estate, Rethymno (reference B387) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.