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7 bedroom block of apartments for sale

Greece - Siteia, Lasithi, Crete

€125,000

like this property?

Call: 03339 872839

Key features:

  • Investment Opportunity
  • Seven Small Apartments
  • Close to Town Center
  • Walking Distance from the Beach
  • Easy to Rent

Full description:

Close to the center of Sitia town, for sale this bulding 235m2 dated 1974. Seven small apartments in total, size from 30-35m2 each.
It is an excellent investment opportunity because of location and purchase price.
Recommended to renovate, reform the rooms as now is old fashion shaped with small kitchen and bathrooms. Marble floors are in very good condition.
A modern architecture design highlight will make the apartment desirable for rent.
Ground Floor:
- Two apartments, one studio + one bedroom apartment
First floor:
- Two apartments, one bedroom each
Second floor:
- Two apartments, one studio + one bedroom apartment
Basement:
One apartment 30m2 with seperate entrance
- Most of them are now rented with average monthly rental 150euros. After reforming/renovated can be rented 200-250euros per month each. Alternative can operate as holiday homes for higher income.
Recommended building works:
New wiring electricty and plumbing, new bathrooms and kitchen furniture, change all exterior and interior doors and windows, insulations in walls and roof for a high energy class.
An aproximate cost for building works is from 120.000-150.000 euro

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Sitia (LOCAL), 0.7 miles
  • Heraklion (INTERNATIONAL), 53.2 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Greek Bay, Crete

4th September, No. 25A, Sitia, Crete, Greece, PC 72300
03339 872839  Local call rate
About Greek Bay, Crete

Greekbay provides a portfolio of properties for sale in Sitia area, Crete, the largest of Greek Islands.

We offer investment land, new and resale houses, apartments, olive farms for developing your nature friendly investment and historical buildings for restoration. Eastern Crete has always matched the best for property location spectacular sandy beaches, stunning landscapes, important archaeological sites, original Mediterranean cuisine, cheaper cost of living and low crime rates. Greekbay estate agency is well-established, licensed, real estate office dealing with property sales since 2001. Thanks to our long experience in the real estate market we can guide you through all the steps.

Sitia is a seafront town located in Lassithi, on the North-East coast of Crete, an area that has not been overwhelmed by mass tourism and the area preserves its traditional identity.
In the last year infrastructure has been renovated and this has made life easier for the citizens of eastern Crete and for the visitors who choose to come. The Sitia airport "Vitsentzos Kornaros" Sitia airport ( LGST, JSH ) is placed in a crucial point and can accommodate charter flights and private aircrafts.


Disclaimer

This is a property advertisement provided and maintained by Greek Bay, Crete (reference Buytolet) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Greek Bay, Crete

4th September, No. 25A, Sitia, Crete, Greece, PC 72300
or call 03339 872839
Calling from outside the UK? 00302843024215

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