Beachfront Apartment Complex For Sale

Investment Property in Nopigia for sale. These are three two-story Buildings, each one with an independent entrance. Each Building consists of two apartments (ground floor and 1st floor). All apartments have a similar layout and consist of an open plan kitchen- living area, two bedrooms and a bathroom. Also, all apartments have balconies overlooking the sea.
The plot on which the property is built has an area of 318 sq.m. The Complex has a north orientation with direct access to the beach and a total area of 305 sq.m which is distributed among the three Buildings as follows:
Building (1) – East: 103.76 sq.m, where each floor is approximately 52 sq.m
Building (2) – Middle: 103.92 sq.m, where each floor is approximately 52 [hidden information]
Building (3) – West: 97.52 sq.m, where each floor is approximately 49 sq.m
Undoubtedly, this is a very good investment proposal that combines two very quality features:
the direct return on the capital that will be invested through the tourism operation
as well as the creation of goodwill and therefore an increased price in case of future resale.
With a conservative estimate of the possible operating income, including the cost of a necessary renovation of the building, the annual yield of the property from the tourist exploitation exceeds 8%.
Nopigia is a quiet seaside village at the beginning of the Rhodope peninsula, about 30 km west of Chania. Along the settlement there is a long sandy beach with relatively shallow waters. The nearest town is Kissamos (Kasteli) at 6.5 km, where there is a large organized market, banks, pharmacies, restaurants, etc. Nopigia is one of the rapidly developing tourist areas as it combines the natural beauty, easy access via the national road and the proximity to the sea and the beach.