Building for Sale

An excellent opportunity to acquire a fully operating income-generating building with apartments of various sizes in the heart of Plakias, just a few meters from the beach, shops, supermarket and amenities. Set on a 777m² plot, this centrally located property offers strong and consistent returns, making it ideal for investors seeking immediate income in one of South Crete’s most popular seaside destinations. The building is currently fully rented to multiple long-term tenants, with the exception of a spacious three-bedroom apartment on the first floor, offering flexibility for owner-use or additional rental income. The property delivers a net annual return of approximately 6% – a rare yield for a prime coastal location. Property Breakdown: Basement: – Storage space: 80.73m² Ground Floor: – 9 studios/apartments of various sizes Total area: 233.63m² First Floor: – 5 studios – 1 apartment with 3 bedrooms & 3 bathrooms Total area: 206.03m² Investment Highlights - Central location a few meters from the beach - Walking distance to all amenities - Multiple rental units ensuring diversified income - Net return of approximately 6% - Partially owner-usable property - High and consistent rental demand About Plakias & Investment Potential Plakias is one of South Crete’s most established and desirable seaside towns, renowned for its long sandy beach, relaxed atmosphere, and year-round appeal. Unlike many seasonal resorts, Plakias enjoys extended tourism demand from spring through late autumn, supported by hiking, diving, and alternative tourism. The town offers excellent infrastructure, tavernas, cafés, supermarkets, and services, while maintaining a laid-back, authentic character. Limited availability of central plots and income properties continues to drive strong rental performance, making Plakias a highly attractive location for long-term and short-term investment. This property represents a rare chance to acquire a prime, high-yield asset in a beachfront town with proven demand and excellent growth prospects. Facilities: Air conditioning, Garden, Solar hot water system, Storeroom Distances: Beach 100m Town 100m (Plakias) / 33km (Rethymno) Airport 110km Hospital 33km