Hotel for Sale

#Rethymno – #OldTown Hotel for Sale – 300 sq.m. Price: €1,500,000 In the enchanting Old Town of Rethymno, an exceptional investment opportunity is presented: a unique commercial property that perfectly combines history, elegance, and functionality. The hotel, originally built in 1901 and renovated in 2008, is located in a highly privileged area, just a few steps from the sea and the picturesque alleys of the Old Town. The property has a total surface area of 300 sq.m., spread across three levels (ground floor, first floor, and second floor). It features 4 spacious rooms and 4 offices, all enjoying natural light through aluminum double-aspect windows that offer sea views. The building is in excellent condition and provides all modern amenities, including air conditioning. The property is valued at €1,500,000, corresponding to €5,000 per sq.m. An additional advantage is the possibility of developing retail shops, offering further income potential and making this an ideal investment in a rapidly growing tourist destination. The rooms feature different layouts, highlighting the traditional character of Cretan architecture, elegantly combined with modern design elements. The property also includes 4 WC, comfortable common areas, and balconies, allowing guests to enjoy the stunning views and the unique atmosphere of the Old Town. The Old Town of Rethymno is one of the most popular destinations in Crete, renowned for its rich cultural heritage, beautiful beaches, and vibrant nightlife. The strategic location of the property ensures easy access to all major attractions, restaurants, and shops, making it highly attractive to tourists. Real Estate Agency: Terra Real Estate Email: info@terrarealestate.gr Phone: +30 28310 28808