Single-family detached house 541 m², to be refurbished, Main town - Chora, Rhodes

Medieval property for sale in Rhodes, estimated to have been built by a Spanish Knight in the 14th or 15th century. The property is located within the Medieval (Old) town of Rhodes and is surrounded by the old walls of the castle-fortress. The Medieval City of Rhodes was declared a World Heritage Site by UNESCO in1988. It is located in the best area of the Medieval (Old) Town, at a distance of 50 m. from the famous Street of the Knights and very close to the Grand Master’s Palace. This Medieval property has great potential for exploitation. It is located on a plot of 458 sq. m. and the building, which is dilapidated, needs complete renovation. It has four levels with a total area of 541 sq. m. There are six rooms on the Ground Floor, six on the First Floor, four on the Second Floor and one on the Third Floor. On the Third Floor there is a large terrace of about 100 sq. m. with an unobstructed 360 degree view of the port, the Old Town, the Grand Master’s Palace and in the ocean to the Turkish shores. There is a backyard with a garden of 285 sq. m. in which there are fruit and coniferous trees, a deep well and a water tank. It is 200 m. from the sea and the port of Rhodes. In 1998, a Renovation Permit was issued by the Town Planning Department, which was approved by the Archeological Council. A hotel permit was also issued for the renovation and conversion of this traditional house into a luxury hotel. These licenses have expired but can be renewed today. The selling price is 750,000 euros and is slightly negotiable.