Hotel for Sale

A hotel of 800 sqm plus 200 sqm garden is available, 15 rooms, 30 beds in Agios Georgios, Lasithi Plateau. It is fully functional and in excellent condition.

On the ground floor there is a fully equipped kitchen, bar, and restaurant with 30 seats.
Radiators with heating oil in all common areas as well as the rooms located on the upper floor, a total of 15..
Of which 10 double, 2 triple, 3 single.
There is a functioning well and water tank on the site.

There is an additional space of 200 square meters on the ground floor which was intended for an event hall, it is unfinished and is currently being used as a warehouse.

It is a 1982 building, the kitchen, the bar, the reception and the restaurant have been completely renovated.

The rooms are also renovated, they have aluminum frames outside new, inside wooden very well maintained

All its rooms are completely renovated, exactly as shown in the photos, as well as in the bathrooms the sanitary ware and accessories except the tiles which are well maintained...
Also with new radiators while there is no air conditioning as the rooms have a constant temperature due to the location. The only thing that needs changing are the solar water heaters.
Bedding, mattresses, towels etc. all new.
Sale price 700.000€ or rent 40.000€ per year in advance per year with a three-year contract...
For information, the new Kastelli Airport will be ready in 2027 and will be only 18 km from the Lasithi plateau. The area is rapidly developing.
This is an exceptional case and after consultation a complete ROI business plan and lending provision can be drawn up.


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