Building for Sale

This professional-tourist two-storey property is a great opportunity to acquire the largest building (by surface area) in the Old Town of Rethymno. It is suitable for developing a small luxury hotel and is located in the Venetian/Ottoman Quarter of Rethymno. In the past, the building operated as a local branch of the Commercial Bank of Greece until 1981. The property has 3 levels (Basement, Ground Floor, and First Floor) with a total built area of 633.57 sq.m., on a plot of 492.11 sq.m. The garden area is 102.39 sq.m., and there is potential for extra construction, bringing the total buildable area to 738 sq.m. The building has access from both sides of the plot and faces two different streets. It is located in the pedestrian zone of the Old Town and, thanks to its position in the center of three commercial streets (Arkadiou, Ethnikis Antistaseos, Kountourioti Avenue) and its size, it can be used for one or more of the following business activities: 1. Boutique Hotel The property is ideal for creating a luxury boutique or small hotel (4\*-5\*) with 12–17 luxury suites and rooms. The owners have already prepared plans for converting the historic building into a three-storey boutique hotel. 2. Department Store 3. Restaurant – Café – Cold Dishes 4. Wellness Center Advantages: • A unique investment opportunity for a small luxury or boutique hotel (4\*-5\*) with 12–17 suites and rooms •Suitable for year-round operation • Historic building with rich history – a landmark for locals and the town of Rethymno • Distance from international airports: 82 km from Heraklion Airport (70 min) – 67 km from Chania Airport (60 min) • Distance from ports: 400 m from Rethymno Port (5 min) – 79 km from Heraklion Port (75 min) – 52 km from Chania Port (45 min) • Nearby attractions: 33 km from Preveli Palm Forest (40 min) | 650 m from Fortezza Fortress (8 min) | 82 km from Knossos Palace (80 min) • 650 m from Rethymno General Hospital (7 min) • 130 m from the sea