Building for Sale

Apartment Complex for Investment – Malia, Crete This property is a fully functional apartment complex consisting of six apartments, with a total area of approximately 300 sq.m., located in Malia, Crete, one of the island’s most popular tourist destinations. The apartments are already occupied by tenants, providing an immediate and stable rental income for the owner. The building includes six independent apartments, distributed across the floors. The second floor hosts the largest apartment, which is approximately 100 sq.m., making it ideal for a family residence or a premium rental unit. The property also features a courtyard area, offering a pleasant outdoor space that can be used by residents or guests. Additionally, there is public parking available directly outside the property, ensuring convenient access for tenants and visitors. Malia is well known for its beautiful beaches, vibrant tourism, and lively atmosphere, attracting visitors from all over the world every year. Its strategic location also offers easy access to nearby areas such as Hersonissos and Heraklion, making it an attractive destination for both tourists and long-term residents. Investment & Usage Opportunities 1. Short-Term Rentals (Airbnb / Holiday Apartments) Due to the strong tourism in Malia, the apartments can be successfully operated as short-term rental units, generating high seasonal income. 2. Boutique Aparthotel Concept The complex can be converted into a small boutique aparthotel, utilizing the courtyard as a shared relaxation area for guests. 3. Long-Term Rentals Since the apartments are already rented, the property offers stable and consistent monthly income, making it a secure investment. 4. Hybrid Rental Model A mixed strategy could be applied where some apartments are used for short-term rentals during the tourist season, while others remain long-term rentals, maximizing revenue potential. 5. Staff Accommodation for Tourism Businesses Given the high demand for seasonal workers in the area, the apartments could also be used as staff accommodation for hotels and tourism businesses, ensuring steady occupancy. ✔ Key Features -6 fully functional apartments -Total surface: approximately 300 sq.m. -Largest apartment on the 2nd floor (~100 sq.m.) -Courtyard outdoor space -Public parking available nearby -Located in Malia, Crete – high tourism demand -Ideal for investment with immediate income potential