Building for Sale

For sale investment building with a total surface of 1,063 sq.m., located on a 314 sq.m. plot, in the center of Heraklion, Crete. The property is developed over 4 levels (Ground Floor, 1st, 2nd and 3rd floor) and represents an excellent investment opportunity with strong yield, in one of the most central areas of the city. The building consists of: Ground floor retail store leased to a commercial chain 11 studio apartments (open-plan and one-bedroom layouts) 3 two-room apartments 2 three-room apartments All units of the building are fully leased, including the retail store and all residential units, offering stable income and very attractive investment returns. The property was originally built in 1968 and fully renovated in 2010. It is maintained in very good condition and is ideal for investors seeking an income-producing property. Features include aluminum window frames, tiled flooring, independent electric heating, and air conditioning. The property is painted, furnished, frontage-facing and located on a main avenue, with urban views. Its location is particularly advantageous, within close proximity to public transportation, squares, supermarkets, shopping areas, the port, the city center, and the sea, making it highly suitable for student housing or long-term residential investment. Price: €1,500,000 George Varaklas Real Estate Phone: +30 6942456670 Email: info@gvaraklas.gr Website: www.gvaraklas.gr