Building for Sale

Interesting investment complex of apartments in the area of Platanias in Rethymno prefecture. The property has a total area of usable internal spaces of 295 sq.m. while it is located on a plot of 370 sq.m. It has a swimming pool which is shared by all the apartments. The five apartments have their own outdoor space while those on the second floor offer balconies overlooking the pool and the sea which is only 100 meters away. The property has an EOT permit and its condition is excellent, so the new owner can start exploiting it immediately and create the conditions for a quick payback of his investment, which can possibly come between 12-15 years, a particularly satisfactory price for real estate investments of this size. The short-term lease for which the object is ideal is the most widespread form of small- and medium-sized tourist investment in recent years. The location in which the property is located, is highly developed for tourism, a fact that guarantees high occupancy rates for long periods of time every year. Depending on how the new owner decides to take advantage of it, the payback time of the investment can vary accordingly. If he decides to spend personal time reducing operating costs then the payback time can be reduced to even ten years. The creation of such a property from scratch, with today's construction costs, can easily exceed 450,000 euros. This particular investment concerns a property ready for operation in very good turnkey condition. All rooms are fully furnished and equipped with electrical appliances. They have been renovated very recently and offer wifi, smart tv, air conditioners, fridge, kitchen, solar water heater and generally everything you might need in a room available for short term rental. Platanias is about 5 kilometers from the center of Rethymno and especially in the summer season it offers everything to its visitors. Supermarket, frequent transport to and from Rethymno and the other urban centers of Crete, restaurants, cafes and intense nightlife. Nevertheless, this particular property is located in a quiet spot as far as needed to create relaxing conditions for the holidays and as close as needed to move to all the services of the area on foot. Responsible for the listing is Mr. Konstantinos Μoullos, licenced realtor with General Commercial Registry Number (GEMI) 349607. Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.