Impressive Building For Sale In Rethymno

In Rethymno, on the central Hatzimichali Giannari Street, an impressive building with a total area of 1,037 sq.m. is offered for sale, combining an excellent location with investment potential.
The building, constructed in 1990, spans a basement, ground floor, and four upper floors, hosting small but fully autonomous one-bedroom apartments and two-room units. Each of the first three floors contains five one-bedroom apartments. The total area of the first, second, and third floors is 173 sq.m. each. The fourth floor, with a total area of 125 sq.m., consists of a spacious penthouse apartment.
The ground floor, covering 164 sq.m., includes a communal area and an additional renovated apartment of 119 sq.m., while the 229 sq.m. basement houses auxiliary spaces.
Each apartment is designed with a focus on functionality, featuring a private bathroom, a fully equipped kitchen, and an open-plan space serving as both living room and bedroom. The spacious balconies provide moments of relaxation and views of the city center.
The building is equipped to meet all modern needs, with air conditioning in all areas, a boiler room for central heating, and a central solar system for energy efficiency. The communal areas include a beautiful garden, ideal for peaceful moments, and a pool for ultimate relaxation.
Additionally, the rooftop offers potential for further development, creating even more opportunities for utilization.
With the appropriate upgrades and effective management, this property could significantly increase its profitability, evolving into a highly lucrative investment.
Located in one of the most central spots in the city, the property offers immediate access to all essential infrastructure and services, making it ideal for tourist or long-term exploitation, or even a combination of both. The fourth floor and the ground floor, however, can also be used for owner-occupation, providing a functional and comfortable space for daily living.
This property is an excellent opportunity for investors seeking high returns and a prime location.