Single-family detached house Παλαιά Εθν. Οδός Ηρακλείου-Ρεθύμνου, Ρέθυμνο 74052, Chamaleuri, Arkadi

Detached house of 779 sq.m for sale in the area of ​​Nea Magnesia. The property is located on a plot of 1294 sq.m. At the moment it consists of three apartments of about 120 sq.m. each, a craft area of 290 sq.m, which has the use of a warehouse, four small warehouses with a total area of ​​120 sq.m. and four parking spaces (2 covered and 2 open). There is also a beautiful garden of approximately 500 sq.m. The property has a northwest orientation and offers stunning views both towards Rethymno, Akrotiri and the White Mountains and towards the east to the imposing Psiloritis. The property description could end here. But he would not clearly describe the amazing prospects it offers. It is extremely difficult to find a property with so many legalized and immediately usable square meters. The living spaces are currently around 360 square meters. With the appropriate interventions, they can be combined and create an amazing villa which is built in one of the best parts of the northern side of the prefecture of Rethymno. It offers an excellent and unlimited view (which cannot be obstructed in the future) while being only 15 minutes from the town of Rethymno and five from the nearest beach. The craft space, with a simple change of use, can create excellent utility spaces for the villa. The almost 300 sq.m. can easily be converted into a home cinema, gym, playroom, sauna and hamam room, banquet area and in general whatever the new owner chooses. These, combined with the beautiful garden, which offers plenty of space to create a pool, barbeque and a yard complete a dream home for anyone. The storage spaces are always useful while the (at least) four parking spaces are more than enough for most situations. Finally the roof of the property offers a 360 degree view which covers a huge part of the island and can be turned into a fantastic roof garden which can not only meet the need for daily relaxation but even create a reception area for many people. The initial asking price combined with the location, the available square meters and the versatility of the premises creates an amazing combination that rightfully takes the title of investment opportunity. Certainly the amount of investment for the purchase and the conversions needed is high, but the added value is possibly multiples of the investment. The value of the final property will be substantially greater than the sum of the purchase cost and the improvements. Returning to the original description of the premises, of course no one prevents the new owner from using the property as it is. For example, if it is a professional who wants to co-locate the business with his residence, this particular property can be extremely helpful. They can for example use the craft space to house the business, live in one apartment and rent out the other two to generate passive income. In any case, we are talking about a property in an excellent location, in very good condition, with a lot of available square meters and an asking price of just over 1000 euros/sq.m. while the constuction cost currently stands 70-80% more than that. In conclusion, if someone has the financial ability and the willingness to invest time and money in this particular property, it is a given that he will have made an excellent investment move which, apart from an amazing investment of money, gives him the opportunity to create either his personal paradise or a space that it will co-house his family and his business and will also offer him a not inconsiderable passive income. Responsible for the listing is Mr. Konstantinos Μoullos, licenced realtor with General Commercial Registry Number (GEMI) 3469607. 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.