Prime Commercial Property for Sale: 220 sq.m. in the Heart of Rethymno's Old Town

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for Sale

Description

Property for sale in the center of the Old Town of Rethymno
A first and second floor property for sale, in an excellent location in the historic center of the Old Town of Rethymno, with an entrance from Arkadiou Street and a through layout, with a façade and on Eleftheriou Venizelou Street.
The first floor has an area of 220 sq.m., while the second floor has 40 sq.m., offering significant possibilities for utilization. An approved study has already been prepared for the property for the conversion of the two floors into a 5-suite hotel unit, exclusively for professional use.
The terrace of the property has a view of the sea and can be further developed (e.g. roof garden or relaxation area), giving significant added value to the property.
This is an excellent investment opportunity in one of the most commercial and tourist spots in the city.

See other real estate sales in the Block of Flats category

Quick Summary

Property Number:
19333240
Property Status:
for Sale
Property Type:
Block of Flats
Area:
220
Price:
504.000   480.000
Location:
Dimos Rethymnis, Rethymno, Palia Poli
Bathrooms:
6
Bedrooms:
10
Energy class:
G

Property Features

Attic
Bright
From side to side
Incomplete
Internal staircase
Needs renovation
Storage room
Suitable for professional use
Veranda
View

Images

Map

Property Cost & Taxes

There are some extra costs that must be added to the price of the property.

These costs include Transfer Tax, Notary's Fees, Real Estate Fees, Estimated Lawyers's Fees and Land Registry.

The total value of the above is about 9% of the price of the property.

Property Price € 480.000
Cost & Taxes (9%) € 43.200
Estimated Total Price € 523.200

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