Seafront hotel in Sfakaki Rethymno Crete

SPECIAL OFFER!!!   NOW REDUCED PRICE 550.000 euro  (from 750.000 euro)

With just a little work this hotel will be back and running in no time. 

This is a small hotel sitting right on the beach. It was built in 1993 and has been closed for the past 3 years, thus needs some renovation.

It has 7 spacious double apartments (40 sq. m. each) with kitchenette, balconies and sea view and 1 apartment of 25 sq. m. with a double bedroom, a kitchenette and a balcony with sea view.

The property is laid over 2 levels and sits right on the sandy beach. There is a separate building with a reception area. Under the reception there is a large basement (75 sq. m.) and a further 150 sq. m. space. 

In total, the land is 1009 sq. m. and has an additional building allowance of 300 sq. m. meaning that the hotel can be expanded.

It used to operate as a family business with EOT license granted (official license for hotel businesses). Still, over the past years it has lost its commercial look.

The area is not so touristic with only a few hotels, taverns and supermarkets nearby. The location is beautiful.

This is ideal for small investors who wish to start a family business. Some further investment is nedded since it needs some renovation, refurbishing and of course marketing.

Distance to taverns, shops: 300m, to airport of Heraklion 66 km, to Chania 74km.