Building for Sale

Excellent investment property with a total habitable area of 524 sq.m. for sale in the area of Perivolia. It is a two-storey detached house on a plot of approximately 930 sq.m. The property consists of 6 apartments which are currently rented. The endless beach of Rethymnon is about a four minute walk away. The plot does not currently offer the possibility of additional building capacity, but the possibility of subdividing the plot should certainly be considered, especially after the imminent expansion of the settlement's boundaries. Nevertheless, at the given time the additional, unbuilt area of the plot can be used to create auxiliary spaces such as a swimming pool, parking lot, tennis court and in general any auxiliary use chosen by the new owner. The area of Perivolia is, in fact, an extension of the city of Rethymno towards the east and the distance of the property from the city center does not exceed 3 kilometers. This enables multiple uses for the property. In other words, the new owner can use the house both as a permanent residence and for tourist exploitation. He can for example live in one of the apartments and rent out the rest to create a source of income. One could also shape the property into an excellent villa with pool for pure tourist exploitation. Also with small configurations it can even create a small hotel unit of up to 30 beds with swimming pool and a roof garden with an excellent view of the sea. Finally, one could create smaller apartments for long-term rental. In any case, this is an investment property, with huge prospects. At the moment the apartments have an area of 55 to 103 sq.m. All of them are in excellent condition and have aluminum frames with double glazing, central heating, air conditioners and solar water heaters. There is also a 34 sq.m. warehouse. with the possibility of creating another studio apartment. Finally, there are currently two covered parking spaces. 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.