Building for Sale

Independent, corner building, consisting of three floors for sale in Pateles area in Herakleion. This is a property with a total area of ​​225 sq m. In detail, the ground floor shop has an area of ​​97 sq m. with a courtyard of ​​approximately 25 sq m, the first floor is a three-bedroom apartment with an area of ​​95 sq m. which, while in good condition, needs beautification and on the second floor there is a renovated studio with an area of ​​35 sq m. The shop and the apartment are leased with leases that can be terminated immediately, while the studio is free due to private use. This is an excellent investment opportunity as the returns it can give in relation to the asking price can easily exceed 5%, an excellent price for an urban property. Its location is excellent as it is five minutes by car from the center of Heraklion and five minutes from the Northern Road Axis of Crete (VOAK), thus facilitating access in every direction. Also, the visibility offered by the store is excellent as it is on the corner of a main road. Furthermore, it is a multi-purpose property as there is the possibility of using it as it is, that is, as three separate properties, while floors can also be combined so as to create either a single property or two depending on the wishes of the new owners. Also, the new owner may want to make personal use of the store if he is a businessman and live on the two upper floors or live on one and rent the other, thus creating passive income. Of course, as mentioned above, he can also rent each property separately with excellent returns. In any case, it is clear that this is an investment proposal which is considered profitable overall in any way, regardless of whether the new owner decides to utilize it. As it is the property can yield a return of 18.000 per year thus creating a substantial passive income or after some minor renovation the return can increase substantially. 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.