Building for Sale

In the heart of Rethymno’s Old Town, amid its picturesque alleys and at the foothills of the historic Fortezza Fortress, a truly rare and multi-faceted investment complex of residential and commercial properties is offered for sale. The complex is developed on a plot of 5.551,64 sq.m., in one of the city’s most privileged and commercially dynamic locations.

The property comprises an independent Greek neoclassical residence, a mixed-use building featuring a commercial space on the ground floor and a fully renovated first-floor apartment, a stone-built auxiliary ground-floor structure, as well as a highly profitable organized open-air parking business.

BUILDING A – NEOCLASSICAL DETACHED RESIDENCE

The detached house has a total surface area of 305.49 sq.m. and represents a notable example of traditional urban architecture, developed over three levels. The elevated ground floor of 125.48 sq.m. includes a central hallway, two bedrooms, a spacious living and dining area, a kitchen, and a bathroom. This level benefits from three independent entrances, offering exceptional flexibility in layout and future use.
An internal staircase leads to the first floor of 40.32 sq.m., which accommodates one bedroom, an office space, and a semi-outdoor area of 14.20 sq.m., ideal for conversion into a terrace.
The residence is complemented by a semi-basement level of 139.69 sq.m., part of which is currently used as a private gym, while the remaining area requires renovation.

BUILDING B – COMMERCIAL SPACE & FIRST-FLOOR APARTMENT

On the ground floor of the second building lies a commercial space of 74.51 sq.m., which operated successfully as a food and beverage establishment until 2008. The premises are in good condition and comprise an open-plan main area, a spacious storage room, two auxiliary rooms, and an external bathroom. The outdoor area features a pergola with awnings, allowing for additional service capacity during the summer months. Part of the professional kitchen equipment remains in place, along with newly installed cabinetry.
The first floor hosts a fully renovated (2024) apartment of 47.58 sq.m., featuring contemporary design and functionality. It consists of an open-plan kitchen and living area, a comfortable bedroom with balcony and views of the Fortezza, and a bathroom with dual access. The apartment is fully equipped and ready for immediate use or exploitation.

BUILDING C – STONE-BUILT AUXILIARY STRUCTURE

A traditional ground-floor stone-built building of 24,42 sq.m. with tiled roof, currently used as storage. The structure requires renovation and offers additional development potential.

OPEN-AIR PARKING BUSINESS

A key asset of the property is the organized open-air parking facility with a capacity of approximately 90 vehicles, equipped with shading canopies and operating in one of the most sought-after areas of the Old Town. The business generates an estimated net annual income of approximately €120,000, making it an exceptionally strong and stable investment. Additionally, an on-site structure operates as a car wash, further enhancing revenue streams.

The complex enjoys a unique location just 200 meters from the center of Rethymno and 350 meters from the sea, within an area characterized by intense tourist, student, and commercial activity throughout the year. Proximity to retail outlets, dining venues, tourist accommodations, the historic Fortezza Fortress, the open-air cinema, the city beach, and key transportation infrastructure—combined with the long-standing scarcity of parking spaces in the Old Town—renders this property a rare, high–added-value investment opportunity with sustained demand and excellent prospects for further development.