Kassiopi, Corfu, Ionian Islands, Greece
- PROPERTY TYPE
Hotel Room
- BEDROOMS
8
- BATHROOMS
10
- SIZE
6,458 sq ft
600 sq m
Key features
- INVESTMENT PROPERTY
- IN THE CENTER OF KASSIOPI TOURIST RESORT
- CLOSE TO ALL AMENITIES
- ABILITY TO CONVERT INTO A 4-STARS BOUTIQUE HOTEL
- ABILITY TO BUILD A SWIMMING POOL
- BUSSINESS IN OPERATION
Description
The hotel's traditional Bar is the perfect place for guests to indulge in local drinks and mingle with fellow guests to Kassiopi. The front drinks terrace, with its view of the one-way street leading through Kassiopi, is an ideal spot to unwind and observe the locals going about their daily activities. For a serene atmosphere, head to the rear courtyard, where guests can relax with a good book under the old lemon trees while basking in the Mediterranean sun. In all, the bar, terrace and courtyard can accomodate approximately seventy five seated guests and as such offers excellent scope and potential.
The Hotel was constructed in the late 1980's and underwent a refurbishment in 2014, meeting all EU regulations. The hotel is fully equipped and all necessary licences and building regulations have been obtained and adhered to. The building is connected to mains electric, water, and sewage systems, with a large internal water tank as a backup. During the 2014 refurbishment, new rooftop solar water heaters, aluminum shutters, thermo double glazing, air conditioning throughout, ceiling fans in the apartments, wrought iron balcony railings, laptop safes, kitchen appliances, bar equipment, bar toilet block, beds, and furniture were installed.
Opportunities exist to enhance the hotel further with an indoor and outdoor restaurant, swimming pool, gym and owner's accommodation. Each apartment could be divided into 2 studio apartments.
Constructive feedback:
The apartments, although spacious compared to others in Kassiopi, require some attention as they appear dated and could benefit from modern bathrooms and kitchenettes. The Hotel is currently registered as a 2-star hotel. To upgrade to a 3-star rating, the hotel would need to increase the hours of a manned reception desk. To achieve a 4-star rating, a 24-hour manned reception desk and room intercoms system would be necessary. Unfortunately, there is no guest parking available on the premises. However, a large pay car park is located just 40 yards from the hotel, and there are several public parking spaces within a similar distance. There is a designated area outside the hotel entrance for arrivals and departures only. There is no swimming pool on the premises. However, it is possible to install a small pool in the rear courtyard, which could be enjoyed by hotel guests and visitors from other accommodations. Please note that pools may bring with them a certain level of noise. Despite being in a central location, the hotel remains relatively quiet in comparison to the busy harbor side or village square. Finally, there is currently no owner's accommodation within the complex. However, the large basement area, complete with several rooms, a bathroom and kitchen, previously served as the owner's quarters and could be refurbished for that purpose.
The Hotel represents a lucrative opportunity to acquire a scalable tourist business set amidst the stunning natural beauty and rich historical landmarks that have established Kassiopi as one of the most coveted coastal resorts in Corfu and a prime tourist destination in Greece.
Kassiopi, Corfu, Ionian Islands, Greece
NEAREST AIRPORTS
Distances are straight line measurements- Corfu(International)12.8 miles
- Aktion(International)74.7 miles
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About the agent
ABOUT US
VANA PAMFILI REAL ESTATE was established by Mrs. Pamfili in order to provide
professional services and exclusive attention to each of her clients. Her agency office
is the result of her mandate in the Real Estate sector for many years.
VANA PAMFILI REAL ESTATE aims at people with high demands on the acquisition of
a property. People who want to minimize the valuable time that is required in
finding a suitable property, from the very beginning till
Notes
This is a property advertisement provided and maintained by Vana Pamfili Real Estate, Corfu (reference 612) 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.