Hotel for Sale

For Sale in Parikia, Paros: Two-Storey Studio Complex A two-storey studio complex is for sale in Parikia, Paros. The building is constructed in traditional Cycladic architectural style and has the following features: 7 studios (4 double, 2 triple, and 1 two-room quadruple), 1 apartment of 50 sq.m., and 2 staff rooms with bathrooms. The complex has a total area of 300 sq.m., and the land plot covers 720 sq.m. There is a laundry room with washing and ironing facilities and a small storage room for tools. The entire building is legal and has an operating license from the Greek National Tourism Organization (GNTO). Year of construction: 1992. Energy Certificate: Class B. All rooms are fully equipped, furnished, air-conditioned, and each has its own veranda. Located in a quiet residential area with a beautiful garden and stunning views. Situated in the western part of Paros. Asphalt road access. The complex is in excellent condition with annual maintenance. Kitchens and bathrooms were renovated in 2022. The complex has never been included in EU funding programs (NSRF/ESPA). No dedicated parking spaces, but there is ample parking space outside the property. Operates 5 months a year but can run year-round, as it is only 750 meters from the port of Parikia. Just 150 meters from the nearest beach and 10 km from the airport. No swimming pool, but there is space in the garden to build one. Installation of a prefabricated pool is allowed and does not require a building permit. The property is not leased (the business is operated by the owner) and is immediately available. The property is being sold, not the business. This commercial property is an investment opportunity, with an annual return before taxes and expenses reaching up to 10%, with potential for higher yield. Ideal for investors looking to purchase a ready-to-operate business. Asking price: €1.2 million, slightly negotiable. All documents are ready for immediate transfer. The map location does not reflect the actual address of the property. A valid ID or Tax Identification Number (AFM) is required for brokerage contract and property viewing, in accordance with Law 4072/12 regarding brokerage contracts.