Hotel for Sale

SFAKAKI HOTEL – RETHYMNO - CRETE Price of the property 1,200,000€ Total built area in sqm 664 (421 sqm for main use) Number of units after reconstruction (optional) 8 Construction year 1993 A small and intimate boutique motel (47 rooms) located on a plot of 1,001.51 sqm on the beautiful beach of the island of Crete, near the city of Rethymno. In recent years the property has been inactive and needs renovation. The property is built in two separate units with a total area of 664 sqm (of which 421 sqm for main use): 1. The reception building which also includes a large basement. 2. The rooms building which includes 2 floors and is divided into 7 apartments of 40 sqm and another studio apartment of 25 sqm. Each apartment has a private bathroom, a kitchen and a balcony overlooking the sea. There are building rights additional 310.61 sqm. The plan is to renovate the existing building and to build another building for a hotel that will include a total of 47 beds. The units on the ground floor will enjoy a private pool and gardens. Building 1 Floor Sqm Basement 77.65 Warehouses Ground Floor 77.65 Reception Building 2 Floor Sqm Basement 181.32 Warehouses Ground Floor 163.38 3 apartments + studio - with balconies 1 st Floor 164.01 4 apartments with balconies The small village of Sfakaki offers one of the most spectacular and famous beaches on the island of Crete. The location of the village is ideal due to its proximity to the city of Rethymno (only 10 km from the city), the access to the beautiful beach and the proximity to the highway which allows access to all parts of the island of Crete. Rethymno is the third largest city in Crete. A charming city with a winning combination of Venetian influences and Turkish influences. It’s narrow alleyways create an almost mystical, romantic atmosphere. The property is centrally located - between the two international airports in Crete: The Chania International Airport & Heraklion International Airport. We are not charging Brokerage Fee. The property is FSBO. Contact us for more details and for a viewing (we're arranging on-line video tours of our properties with full explanation) Contact details: Phone 0030 6906 600655 / +306985031690 Email: sales@finders.co.il