Seafront hotel in Sfakaki Rethymno Crete

Rethymno Prefecture, Rethimno
750.000 € 550.000
  • Description
  • Plans
  • Maps
  • Amenities
  • ID: 125
  • Building: 664 sq. m.
  • Land: 1001 sq. m.
  • Levels: 2
  • Floor : 1 st
  • Heating : Individual - Petrol
  • Property condition: Need of renovation
  • Siting: Side to side
  • Construction date: 1993

This is a small hotel sitting right on the sandy beach in Sfakaki area at 10 km from Rethymno town.

It was built in 1993 and has been closed for the past few years, thus needs some renovation.

It has 7 spacious double apartments (40 sqm each) with kitchenette, balconies and sea view and 1 apartment of 25 sqm with a double bedroom, a kitchenette and a balcony with sea view.

The property consists of two buildings in size of 664 sqm together:

Building 1 in total size of 508 sqm has:

- ground floor 163 sqm

- first floor 164 sqm

- basement 181 sqm

Building 2 is of 155 sqm with ground floor and basement each one of 77,65 sqm.

In total, the land is 1001 sqm and has an additional building allowance of 300 sqm meaning that the hotel can be extended.

It used to operate as a family business with EOT license granted (official license for hotel businesses).

Still, over the past years it has lost its commercial look but with just a little work this hotel will be back and running in no time.

The location is beautiful, around there are taverns and supermarkets nearby.

This is ideal for small investors who wish to start a family business.

Some further investment is needed since it requests some renovation, refurbishing and of course marketing.

Distance to taverns, shops: 300m, to airport of Heraklion 66 km, to Chania 74km.

Energy Class