House Size: 170m2 + 230m2 or 800m2 for hotel
Plot Size: 1750
Property code: AHA28
Price: 850.000 €
Beach front house located adjacent to a wide stretch of sandy beach and within walking distance of all amenities, restaurants/tavernas, bars & coffee bars. Being only a few minutes drive to Rethymno city in a very popular tourist area, this would be a very lucrative investment should the new owners wish to expand on the property and use it for holiday letting purposes.
The current house is divided into two attached residences which could be refurbished and transformed either into one large villa or two separate apartments. There is ample room on the plot for a swimming pool and BBQ entertainment area. If the purpose is residential, the villa/apartments have approximately 230m2 extra building allowance, making it a very lucrative investment.
Should the purpose of purchase be for commercial objectives, then the current building can be demolished and new plans drawn up for a small hotel/holiday rental units with a building allowance of up to 800m2. A pool and snack bar could be incorporated into the design.
This is a rare opportunity to buy a valuable plot of land for commercial development or for a restoration villa right on a white, sandy beach in popular touristic area.
NOT TO BE MISSED!