Estimated cost of agency, lawyer, notary, land registry, taxes: 10,902

Traditional

T1109 - (Renovation) Boutique hotel project close to Falassarna beach

This project for a boutique hotel with pool has now received its building permit. It is located close to the world-famous Falassarna beach, in an upcoming 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 permit is for renovation of the three existing stone buildings and construction of a new accommodation block, providing a total of 275m2 of accommodation/storage for 11 persons. There will also be a 28m2 swimming pool and parking area. Government assistance for 45% of construction/fitting-out costs has been agreed and the project will start soon, with the sale price increasing logically as work progresses. 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 in a very popular area of Crete.

Basic Information

DistrictKissamos

Categorycommercial

Typeother commercial

Year built1901

Floor numberground floor

Levels2

Elevation227 m

ZoningResidential

Road typeAsphalt

Details

Rooms16

Energy class(exempt)

Benefits

Sea views

Garden

Pool

Land

500 m2

Built now

177 m2

Max build

240 m2

Sea views?

Yes

Price

€ 139,500

Compare value

€ 788 / m2

the property is located inside the circle, but not necessarily at the centre