1989939 Residential Complex For Sale, Lampi, 450 Sq.M., €830.000

Residential and commercial complex with a total area of ​​450 sq m for sale in the tourist resort of Agia Galini. These are two autonomous buildings, one with a total area of ​​300 sq m and the other with 150 sq m. They are located opposite each other and currently, on the ground floor of both, there are operating successful businesses. A restaurant and a delicatessen.

The smaller building needs partial renovation to fully reveal its potential as an investment. Currently its basement (38 sq m) operates as a storage space serving both businesses. On the ground floor (38 sq m) is the delicatessen and the two upper floors (with a total area of ​​70 sq m) are used as accommodation for the staff of both businesses. With a limited renovation they can be converted into two excellent rental rooms if the new owners do not wish to continue this use.

On the ground floor of the other building (100 sq m) there is currently a very successful restaurant and there is the restaurant hall and part of the kitchen. The two upper floors (total area 200 sq m) are divided into two renovated apartments of 100 sq m. which are completely independent with a separate entrance. The apartments have two bedrooms, are fully furnished and equipped with electrical appliances and one of them is rented. Both have balconies with side sea views, solar water heater, autonomous heating, aluminum frames, air conditioners and awnings.

The price includes both the building facilities and the businesses. This is an investment move that can offer the start of amortization immediately. The two businesses have a stable clientele and a strong brand name in the Agia Galini market and in combination with their privileged location in the center of the main artery of the resort, one can feel secure about their investment and immediate profit.

The combination of the characteristics of the properties and businesses easily give the characterization of a multi-purpose investment. The new owner can exploit both the properties and the businesses in his own way. The current owners live in one apartment above the restaurant and rent the other while using the other building as an auxiliary for the business. The new owners can choose to exploit both properties for tourism and not continue the businesses. It is worth noting that along with the aforementioned properties the new owners will receive a plot of approximately 1,5 acres with 33 olive trees.

In any case, what is indisputable is that at the moment it is extremely difficult to find two autonomous buildings for sale in the heart of such a bustling tourist resort as Agia Galini. The future of the southern side of the island is predicted to be extremely promising as with the creation of the new international airport of Crete and the vertical road axes, the areas that have been under pressure for years due to the difficulty of access are expected to experience exceptional development.

At the center of these developments are expected to be developed areas such as Agia Galini which has both the brand name and the infrastructure to support such development.

There is also the possibility of buying the properties in parts. The ground floor where the restaurant is housed, together with the first floor apartment, are being sold for 549,000 euros. If the independent building opposite is added to these, the price rises to 699,000 euros. Finally, the independent building where the grocery store is housed is being sold for 275,000 euros.

Responsible for the listing is Mr. Konstantinos Μoullos, licenced realtor with General Commercial
Registry Number (GEMI) 3469607.

Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.