Located in the high-demand touristic zone of Kavros - Apokoronas, the property sits just 300 meters from the coastline with beautiful sea views and easy access to the National Highway and proximity to Chania/Heraklion airports. The building which was authorised in 1991 has been renovated and extended in 2005 with on other ground floor body building of 108 sqm.The Basement (259,13 sqm) is currently utilized as storage/warehouse space.
- 2 two-bedroom apartments and First Floor (227,03 sqm) comprises 3 units: 2 two-bedroom apartments and one studio.
The Construction has been made by reinforced concrete frame and slabs; brickwork walls; aluminium frames; ceramic tiling and its maintenance status is rated as "Good."
- Current Status: Fully operational with monthly rentals providing immediate cash flow.Given the 300m distance to a prime sandy beach and the size of the plot, the optimal "Highest and Best Use" is a full renovation into a luxury touristic apartment complex.Keys features:
- Versatility: Large plot allows for further landscaping (pools, bar, etc.) to increase the average daily rate. A large basement that could be turned in accommodations and/ or other utilities spaces.
- Income Generating: No "dead period" during the transition and planning phase.