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Crete, Lasithi, Siteia, Greece

€380,000
Savills Hellas Ltd, Greece
PROPERTY TYPE

Apartment

BEDROOMS

6

BATHROOMS

3

SIZE

2,422 sq ft

225 sq m

Key features

  • Central location
  • Fully tenanted building
  • Established rental income
  • Scope for future enhancement

Description

Fully tenanted residential building comprising three apartments and generating immediate rental income in central Sitia.



Further Information

Positioned in a central and convenient part of Sitia, this fully tenanted three-storey building presents an attractive investment opportunity with established income from day one. Built in 1985, the property comprises three self-contained apartments of approximately 75 sq.m. each, all configured as two-bedroom units.


The ground-floor apartment benefits from a small private yard, and all three units are occupied under long-term tenancies, providing a reliable rental income stream. The building has been maintained and remains fully functional, although a purchaser may choose to undertake cosmetic updating or modernisation over time, depending on their requirements and investment objectives.


Located within walking distance of shops, markets and everyday amenities, the building is well suited to investors seeking an income-producing asset with potential for future value enhancement in an established residential area.

Location

Situated close to the police station in central Sitia, the property benefits from a convenient, level location with easy access to shops, local markets and everyday amenities, supporting consistent long-term residential demand.

Directions
Sea / beach – 800 m (0.5 miles)
Sitia Airport – 4 km (2.5 miles)
Agios Nikolaos – 57 km (35 miles)
Heraklion Airport – 117 km (73 miles)

Crete, Lasithi, Siteia, Greece

Approximate location
Open mapStreet View

NEAREST AIRPORTS

Distances are straight line measurements
  • Sitia(Local)
    0.5 miles
  • Heraklion(International)
    53.3 miles

Advice on buying Greek property

Learn everything you need to know to successfully find and buy a property in Greece.

About Savills Hellas Ltd, Greece

Savills, 64 Louise Riencourt Str., Athens, Greece

About Savills

Savills plc is a leading international property services company with a full listing on the London Stock Exchange. The company has undergone dynamic growth in recent years establishing itself as a powerful player on the international stage with offices and associates throughout the UK, Europe, Asia Pacific and the US.

Savills Hellas Ltd. is one of the leading property services company in Greece. As of 1st May 1997, the Company is a full member of the Savills International Network. Savills Hellas Ltd. has undergone dynamic growth in previous years establishing itself as a powerful player on the local and regional property scene. Savills Hellas advises clients on commercial, residential, hotel and leisure properties. The team of the Greek office provides advice and support to help companies and investors to maximise the benefits and efficiency of their property investment.

We have extensive knowledge of both Greek and Balkan real estate issues coupled with advisory and implementation skills. Our services are focused on valuation and advisory services of all types of properties including residential properties (first and second homes), hotels, theme parks etc.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Savills Hellas Ltd, Greece (reference 6986) 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.

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