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Property On Crete
108 V. Kornarou Street,
Sitia, Crete, 72300
Tel: +30 28430 28005 ,
Fax: +30 28430 28005
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This established block of apartments in the south coast holiday village of Makrigialos are built in a pretty setting with a garden and room for a swimming pool. Each studio measures about 25m² and they are all individually designed with terraces or balconies. The plot is set back from the noise of the seafront but still easily accessible and only a short distance from the lovely beach. There are seven studios for rental all with sea views and one more that can be used by the owner to live in for the summer, in order to be close to the business. This studio has an open fireplace and a separate storeroom and annexe for laundry and cleaning materials etc. Two of the studios can be joined to make a larger apartment if required. Each of the studio balconies or terraces are secluded as they are cleverly staggered with Virginia creeper shielding and dividing them from the each other.
Each studio contains a sink unit with refrigerator, cupboards, wardrobe, table and chairs and single or double beds. There is a separate shower room and room for sitting out. The studios are being sold fully furnished, which will also includes the linen and this will allow for a smooth handover of the business when the sale is complete. There are two accesses to the property and plenty of parking in the quiet streets. The plot size is 500m² with the garden on the lower level making it very sheltered and a perfect place for a small swimming pool and a bar.
The size of the property i.e. seven apartments, means that if the income tax and EOT (the Hellenic Tourist Board Licence) is paid at the beginning of the year (this is approximately 1500€) the rest of the income for the year becomes profit with nothing else to pay for taxes. Each studio has been rented out for between 25 to 40 Euro per day depending on the season. This is a business that is up an running and ready to be bought as a going concern.
Domestic Water and electricity connected
Drainage by septic tank
Approximate House Area: 200 M²
Approximate Plot Area: 500 M²
Rooms: 18
Bedrooms: 8
- Inside Village Plan
- Income
- Sea View
Price: €320000 / £255,104.00
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