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DESCRIPTION
For Sale: Detached house with sea frontage, 500 sq.m. in the area ”Vrachneika, Monodendri”.
The building is located on a corner plot with sea frontage, covering an area of 530 sq.m.
Currently, the property consists of a ground floor seaside restaurant, a ground floor apartment, and a first-floor apartment.
The restaurant has an area of 232.74 sq.m., rented to a food service business for a monthly rent of 600 euros. It is a corner property with a large yard, an external storage room of 15 sq.m., and a large exploitable area on the beach.
The ground floor apartment has an area of 79 sq.m., developed on one level, and features a kitchen, living room with fireplace, 2 bedrooms, 1 bathroom, and a storage room.
The first-floor apartment has an area of 173.71 sq.m. and features 4 bedrooms, a living room with fireplace, sitting room, kitchen, atrium with additional seating area, as well as a covered veranda of 15 sq.m.
Additionally, it features autonomous heating with an oil burner, aluminum frames with double glazing, wooden and tiled floors. The total balcony area amounts to 30 sq.m.
The architecture follows simple, minimalist lines and is mainly inspired by traditional Greek architecture, providing residents with a sense of hospitality, well-being, and tranquility.
All areas of the property have unique, unobstructed sea views.
Due to its location and layout, the property can be utilized in many ways, either by maintaining its current use and condition or by fully exploiting it for residential or tourist purposes (hotel, short-term rentals such as Airbnb, etc.).
Development of the Vrachneika Area
The wider area of Vrachneika has experienced significant development in recent years, making it one of the most attractive destinations for living and investment. This growth is attributed to several factors related to the local economy, infrastructure, and quality of life.
One of the key factors is the improvement of transport infrastructure. Vrachneika is now effectively served by the suburban railway, providing direct and quick access to Patras and other areas of Achaia. This connection facilitates the daily commute of residents and increases the area’s appeal to professionals who work in the city but prefer to live in a quieter and more natural environment.
The area’s development has also led to increased demand for real estate, both for permanent and vacation homes. The wider area of Vrachneika now hosts a plethora of new constructions and renovated properties that meet modern needs and expectations of buyers.
Additionally, Vrachneika has emerged as a popular tourist destination, due to its beautiful beaches, quality dining establishments, and overall natural beauty. The local market is served by a variety of shops and services, making the area self-sufficient and ideal for families.
Overall, the continuous development of the Vrachneika area, improved infrastructure, and increased demand for real estate make this property an excellent investment opportunity.
Sale Price: 600,000 euros.
Property Code: 2035