Rethymnon, Rethymnon, Crete, Greece
- PROPERTY TYPE
Hotel
- BEDROOMS
17
- BATHROOMS
21
- SIZE
17,674 sq ft
1,642 sq m
Key features
- Total Land Area: 2.042 sqm; Total Built Area: 1.642 sqm + Additional Basement: 151 sqm
- just 5 km from Rethymno city and only 150 meters from the sea
- 3 commercial shops on the ground floor generating steady income
- a fully operational 2-star hotel: 13 studios and 4 one-bedroom apartments
- 400 sqm landscaped garden, Swimming pool and children's pool, pool bar
Description
This property combines stable rental income, an established hospitality business, and prime location in a high-demand tourist area. Ideal for investors seeking a turnkey opportunity with strong future development potential or entrepreneurs looking to expand into the tourism and hospitality sector.
Property Features:
- Total Land Area: 2.042 sqm
- Total Built Area: 1.642 sqm
- Additional Basement: 151 sqm
- Touristic Location: Within walking distance to the organized sandy beach, public transport (bus stop opposite) and all local amenities.
Current Use & Income Streams:
The property consists of three commercial shops on the ground floor and a fully operational 2-star hotel, offering diverse revenue streams:
Retail/Commercial Units:
- Shop 1: 195 sqm
- Shop 2: 330 sqm
- Shop 3: 207 sqm
All shops are currently rented, generating steady income.
Hotel Business:
Total Hotel Area: 910 sqm on 2 levels
- Ground Floor: 243 sqm - reception, cafe-bar/breakfast area, kitchen office, 2 WCs and storage
- First Floor: 667 sqm - accessible by stairs (space available for lift installation)
- Basement: 151 sqm - storage area and machine house
Units: 13 studios (35 sqm each) and 4 one-bedroom apartments (42 sqm each)
All units include private kitchenettes, bathrooms, balconies, air conditioning and soundproofing
Views of either the front garden or pool area
Outdoor Amenities:
- Approx. 400 sqm landscaped garden
- Swimming pool and children's pool
- Pool bar and patio area with tables, chairs, loungers and umbrellas
Strategic Advantages:
- High Customer Traffic Area in an established tourist destination
- 150 m to the beach, 70 km from the nearest airport, excellent access to major attractions
- All necessary infrastructure and amenities in immediate proximity
- Ongoing, operational hotel business with annual renovations and consistent occupancy during tourist season
Rethymnon, Rethymnon, Crete, Greece
NEAREST AIRPORTS
Distances are straight line measurements- Chania(International)25.0 miles
- Heraklion(International)36.4 miles
- Sitia(Local)89.3 miles
Advice on buying Greek property
Learn everything you need to know to successfully find and buy a property in Greece.
Notes
This is a property advertisement provided and maintained by QPS Real Estate, Rethymno (reference B566) 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.