Hotel for Sale

Located in the prime coastal area of Palaio Faliro, near the Niarchos Foundation, this newly constructed residential complex embodies minimalistic architectural design, cutting-edge smart home technology, and high-quality modern construction materials. The building comprises six floors with a total area of 757 square meters, housing four distinct units: two duplex apartments and two independent apartments. The duplex units include a ground floor and first floor unit spanning 126 square meters, and a larger unit spanning 179 square meters across the 4th and 5th floors. Each independent apartment offers 89 square meters of space on the 2nd and 3rd floors. Additional amenities include four underground storage spaces, covered parking for two vehicles, and one open parking space. The building is fully equipped to accommodate commercial ventures, such as boutique hotels, professional offices, or private residences, with easy accessibility designed for all, including individuals with disabilities. Furthermore, it features a 100 square meter garden ideal for hosting various events, complemented by a mesmerizing rooftop garden offering unobstructed panoramic views. Its exploitation is either private and/or commercial as there is also the possibility of use for home, hotel and also professional offices. It is currently operating as a short-term rental accommodation certified from 2022 through the EOT and its apartments are on a luxury 4-key short-term rental with a validity of 2027. The accommodation can accommodate 25 residents in its 4 apartments and both its warehouses and parking lots can be used as offices as they are fully equipped spaces. The building operates with a heat pump and solar water heaters, providing winter and summer hot water and properly configured indoor temperatures for comfortable living. The tourism business is profitable and employs a small number of staff. All tourist activity management programs (webhotelier/booking engine/primal res) work perfectly, there is also a website. This tourist accommodation has been honored for 2 years (2023, 2024) with a traveler's award from BOOKING.com, "Traveller Review Awards" while it has received a rating of "10" as Exceptional. The property also operates with ISO certification for customer feedback management, having already established a commercial clientele. In general, all apartments are rented from 150 to 350 euros per day depending on the season and the residences. The discussion with the accountant of the business about the turnover and the demonstration of the customer book, receipts from the Ministry of Finance and the Tourist Police, as well as all the booking history with protection of course to personal data based on legislation, are accepted. There is also a record and observance of all the legal operating documents of the business (certifications-financial-accounting documents-disinfections-fire safety etc.). Overall, it is a tourist accommodation in a central location, of quality construction, with impeccable spaces, modern and contemporary architectural design, with full services and functional spaces which offers a comfortable, pleasant, high-standard living to the residents. It is an investment opportunity for both individuals and companies, natural and legal persons who operate or want to operate in the tourism business sector. https://marketplace.theprosperty.com/listings/8845 ☎️ 210 6812500