Building for Sale

Five studio apartments for sale in the area of ​​Missiria. These are ground floor properties with their own balcony. They are ideal for creating an income by being rented out both as long term and short term leases. To get the most out of their performance, ideally, they should be renovated. However, even in their current condition they can be rented and provide a satisfactory passive income. The studios are currently furnished with basic furniture and basic electrical appliances. The location serves both students, due to the proximity to the bus stop, supermarkets and restaurants, and tourists, as the distance from the beach in the area does not exceed 100 meters. In their current condition, the apartments can yield an annual return of about 5%, while if the new owner proceeds with their renovation, the return can exceed 6%. This is a small to medium scale investment that can yield a guaranteed income with very good returns and is an excellent investment of money. Their mixed use in short-term and long-term rental can boost their performance even above 10%. Ideally, in order to get these returns, someone will need to contribute personal work. In any case, this is a particularly interesting property that, with its appropriate use, can offer a very significant income to its new owner. Responsible for the listing is Mr. Konstantinos Μoullos, licenced realtor with General Commercial Registry Number (GEMI) 3469607. Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.