Building for Sale

INVESTMENT OPPORTUNITY in Crete – Three-Storey Building of Total Area 435 sq.m. in Istro, Agios Nikolaos on a plot of 728 sq.m. Location: ISTRO, AGIOS NIKOLAOS – CRETE Plot: 728 sq.m. Total Building: 435 sq.m. Year of Construction: 1987 Asking Price: €578,000 Floors & Apartment Analysis Semi-basement / Ground Floor: 175 sq.m. – possibility of conversion into residences or rental apartments. 1st Floor: Apartment 1: 47.78 sq.m. Apartment 2: 41.50 sq.m. Apartment 3: 39.68 sq.m. 2nd Floor: Apartment 4: 26.40 sq.m. Apartment 5: 23.91 sq.m. Apartment 6: 39.41 sq.m. Apartment 7: 40.62 sq.m. Total Construction: 435 sq.m. View & Location From the third floor apartments there is a panoramic view of the bay of Merampelos, the seaside village of Istro and the mountain. Distance from the beach: Ag. Panteleimon: 8 minutes on foot (or 2 minutes by car) Voulisma Beach: 15 minutes on foot (or 3 minutes by car) The building is only 12 km from Agios Nikolaos and approximately 70 km from Heraklion Airport (1 hour drive). Environment & Infrastructure -Crystal clear waters and organized beaches. -Next to restaurants, supermarkets, pharmacy, cafes and entertainment venues. -Easy access by car, spacious plot with possibility of development. Current Status & Investment Potential -At the present stage, the apartments are rented to a tourism company for the accommodation of seasonal employees, ensuring a stable income. -Needs renovation, allowing the investor to upgrade the property aesthetically and functionally. -Remaining uncovered space for swimming pool, garden, BBQ area, parking. Development Ideas -Tourist apartments / boutique guesthouse with high yield through short-term rental (Airbnb, Booking). -Permanent rental to tourism companies for their staff (as is already the case). -Expansion into additional residences by utilizing the semi-basement space. This is a property with a strategic location in an area with intense tourist development, ready to yield a return from day one, with significant potential for capital appreciation through renovation and smart exploitation Contact tel: +30 6940408618 (viber) regarding the property, the building, the area as well as for the property suggestion or visit our website www.megahouse.gr