T1109 - (Renovation) Boutique hotel project

This renovation project is planned for a boutique hotel with pool. The first stage of planning approval has been obtained, and assistance to obtain EU grants can be provided by the current owner. It is located close to the famous Falassarna beach, in a village 10kms from Kissamos and 35 minutes from the city of Chania. There are shops and mini-markets, an ATM, pharmacy and petrol station in the village.

The intention is to upgrade the three remaining stone buildings, and construct a new accommodation block and pool, to provide a total of 200m2 of accommodation as follows: reception and waiting area; 2 x 50m2 self-contained apartments sleeping 3 persons each; 1 x 30m2 self-contained apartment sleeping 2 persons; 1 x 35m2 self-contained apartment sleeping 3 persons; 2 public/disabled WCs; and a 28m2 swimming pool. Plans can be viewed at the end of the photo sequence.

The property is on sale at a keen price, and provides an opportunity to generate substantial rental income for 9 months per year. The seller is willing to part-exchange for a property in the London area, and would pay a logical difference in price.