Hotel for Sale

Seafront Property with Existing Tourist Accommodation – Potential Conversion into a Luxury Villa in Faros, Ikaria Located in one of the most privileged areas of Faros, Ikaria, directly on the waterfront, this property occupies a total plot of 872 sq.m. The existing 241 sq.m. building holds a valid operating license and consists of 5 double rooms and 3 triple rooms, fully connected to all essential utilities (electricity, water, telecommunications). The current unit can either continue operating as it is or be upgraded, with the possibility of improving its functionality and expanding its capacity. The property has remaining building allowance and permits a total construction of up to approximately 400 sq.m., including the option of adding an additional floor. This offers two clear possibilities: upgrading the existing tourist unit into a higher-category accommodation, or fully converting the property into a high-standard private residence or luxury villa, taking advantage of the location and the potential for comfortable indoor and outdoor spaces with open sea views. The location combines convenient access with natural tranquility: the property is situated just 8 km from the port of Agios Kirykos and a short distance from Ikaria’s airport, while retaining the feeling of a quiet, natural, and highly sought-after area. This is a property with versatile use options and significant scope for enhancement—suitable either for investment purposes or for the creation of a high-quality private seafront residence.