Hotel for Sale

€ 4,800,000
1,012 m²

Note

Listing updated on 12/02/2025
Description

This description has been translated automatically by Google Translate and may not be accurate

reference: EK-8875227

Luxury Tourist Property Investment Opportunity in Greece ️ NYMPHAE Luxury Villas, Sitia Crete Luxury Tourist Property | Boutique Hotel Concept | Premium Yield ✨ Strategic Advantages: Privileged location ideal for tourism and hospitality development. Flexible financial structure with a secure agreement. High expected returns (ROI) through operation or lease. Architectural identity of high aesthetics, with added value and international interest. Flexibility in the final configuration for a boutique hotel or luxury resort ️ Complex Description 5 unfinished luxury villas / 15 suites Plot: 3,337.54 sq m, Palekastro, 14 km from Sitia, 900 meters from Kouremenou beach Building: 1,***/******* sq m, project completion rate 80% Remaining 20% ​​for completion by investor, with the possibility of adapting to a personal concept Each complex autonomous, private pool, state-of-the-art kitchens, premium decoration Vision & Property Description The property has been designed with a specific philosophy and architectural identity, aiming to create a luxurious, sophisticated accommodation that combines timeless aesthetics with authentic Greek character. The completion of the project according to the original vision is essential, as it maintains its value and exclusivity and allows the investor to operate or lease it as a high-end boutique hotel, achieving much higher returns. Flexible Sales Structure – Deferred Repayment A special repayment option is offered through a 10 year payment plan, which provides significant flexibility to the investor. In the event of choosing a repayment without a down payment, the total sale price will be adjusted annually by 3%, as a fair and reasonable compensation for the return that the seller would have received from a bank investment of capital of a corresponding duration. This provision ensures balance and transparency in the cooperation of the two parties. Ownership retention agreement until full payment The investor covers all annual expenses: ENFIA, maintenance, accounting, legal Repayment Options 1️⃣ With a down payment of €1,300,000 Balance of €3,500,000 Monthly installment: 10 years 2️⃣ Without a down payment – ​​with 3% annual adjustment €4.800.000 Option: Monthly Installment Increase 3%/year Balance Increase 3%/year Ensures fair compensation for delayed capital collection 3️⃣ Full price €4,500,000 Summary The sales price concerns the current construction stage (80%) The investor completes the remaining 20%, with the possibility of adjustment in the concept of Very high returns through premium tourism exploitation Summary Presentation of Financial Data Investment type Boutique hotel / luxury tourist accommodation Return after project completion Very high, through premium tourism exploitation Overall Proposal This offer does not just concern a property, but an investment concept that combines luxury, strategic location and excellent returns. The completion of the property based on its original philosophy ensures the creation of a unique tourist destination, capable of offering consistently high revenues and international recognition. Contact For more and more detailed information, only serious investors are given, by appointment, you can also contact us by email or by phone.
Features
Contract
Sale | Income property
Type
Hotel | Luxury property
Surface
1,012 m²
Floor
Ground floor
Garage, car parking
1 in shared parking
Availability
Available from 19/04/2025
Other features
  • Furnished
Price information
Price
€ 4,800,000
Price per m²
4,743 €/m²
Energy efficiency

Energy consumption

A+

Discover every corner of the property
+23
Advertiser

Private person

Additional options

Contact the advertiser

Private person