Business for sale in Réthymnon of 450 m² – ID 1511931

Situated in the most central and commercial area of Old Town the property has a huge potential for investment. It consists of: Land in size of 492,11 sqm Total area of the building is of 450,84 sqm with main use 385,86 sqm and auxiliary use: 64.98 sqm: - Basement: Area = 25,37 sqm and includes a warehouse with an area of 18,48 sqm and a staircase of 6,89 sqm - Ground Floor: Area =185,64 sqm and includes the former bank store and offices with an area of 165,86 sqm, 2 staircases of 19,78 sqm and a balcony area of 19,83 sqm - First floor (loft): Area =38,22 sqm and includes loft space, storage room, w.c. - Second floor (residential): Area = 162,00 sqm a former residence with dining room, living room, kitchen, 4 bedrooms, bathroom. The total building allowance on the plot is 738 sqm (1.5%) so, there is still left permission for other 230 sqm building. The building needs renovation but is still in very good condition featuring traditional Venetian architectural elements. Having an excellent location, the front on two streets, garden, a great size and building allowance left this property is suitable for anything one might think (bank, hotel, meeting/conference place, shops, private school etc.). The property has presently a full reconstruction documentation to be turn to a luxurious Boutique Hotel of around 1.000 sqm (with 46-54 beds approved), with swimming pool on the roof and best solutions to be exploited at its maximum capacity. By this project there are joining touristic rental business (16-17 rooms providing around 38 beds with an extra sofa beds of approx. 15), café-bar-restaurant (breakfast area, roof garden, coffee place) and spa (sauna, gym, beauty center). The property it has the ability to apply 3 actions: Boutique hotel, Coffee-cold plate and Woman care operational all year round. The price includes the reconstruction project.

beach walk business of 450 m²

Réthymnon, Crete, Greece