Hotel for Sale

Hotel for sale in Heraklion. This unique hotel built in 1980, located on the main coastal road in Kokkini Hani, Heraklion. This exceptional location combines excellent visibility with close proximity to the sea, making it an ideal investment opportunity. The hotel currently features 13 rooms and sits on a plot of 865 sq.m. with significant frontage on the main road. The building spans a total area of 650 sq.m. across three levels, with the first floor and ground floor each covering 197 sq.m., and a semi-elevated basement of 245 sq.m. that can be converted into a kitchen or spa. The property requires renovation but offers great potential for redevelopment, including the option to create pools of various sizes in both the front and rear outdoor areas. As an alternative, the site presents an opportunity to develop four luxury maisonettes of 165 sq.m. each, with every unit featuring its own private pool, enhancing the appeal for high-end residential or tourist use. A preliminary business plan has already been prepared for transforming the property into a boutique hotel with 12 suites. The estimated cost includes €950,000 for construction, offering significant potential for a high-yield investment in this sought-after location. This hotel is not just a property; it is an invitation to embrace a vision of hospitality that combines comfort with an enviable coastal lifestyle, promising an enchanting escape for visitors and residents alike. Seize the opportunity to transform this gem into a thriving destination, where every detail reflects the beauty and charm of its idyllic surroundings. PROPERTY ID: 22-714. Ktimatoemporiki Real Estate Contact phone: 2150000250, 2821056600 Email: info@ktimatoemporiki.gr Website: https://ktimatoemporiki.gr