$1,589,555

Seafront Building Of Six Luxury Apartments In Vrachati, Corinthia X3 Golden Visa

  • 10 Beds
  • 6 Baths
  • 8,127 Sqft
  • 11,399 Sqft lot
  • Updated: June 29
  • 3
    Views for last 30 days
  • 1

About the Property

A unique seafront investment opportunity just one hour from Athens.

On the beachfront of VRACHATI, CORINTHIA, a fully furnished and equipped property of 755 sq.m. is offered for sale, set on a 1,059 sq.m. plot with 20 meters frontage on the coastal road and unobstructed sea views.

The property consists of four levels and comprises:
402 sq.m. of living areas,   
A unique seafront investment opportunity just one hour from Athens.

On the beachfront of VRACHATI, CORINTHIA, a fully furnished and equipped property of 755 sq.m. is offered for sale, set on a 1,059 sq.m. plot with 20 meters frontage on the coastal road and unobstructed sea views.

The property consists of four levels and comprises:
402 sq.m. of living areas,   353 sq.m. of auxiliary spaces (basement and attic),   6 fully equipped apartments, capacity to accommodate up to 30 guests,   10 private outdoor parking spaces.

Constructed to high standards in 2023, the property features:
Air conditioning throughout,   solar water heating,  aluminum frames with double glazing,   ceramic tile flooring,  fully equipped kitchens and appliances,   complete operational equipment.
An additional advantage is the remaining building allowance of approximately 240 sq.m., plus the possibility of constructing additional basement and attic areas. Alternatively, the owner may choose to expand the landscaped garden and create a swimming pool.

Established Hospitality Business.
The property has operated successfully as a short-term rental accommodation during the last three years, achieving a gross yield of approximately 5%, while offering substantial upside potential. Current ownership has devoted limited time to marketing and operational optimization, leaving considerable room for improvement and the possibility of safely increasing returns to the 10–15% range.
[hidden information] Rating: 9.6/10

Prime Location.

Vrachati is one of the most attractive coastal destinations in the Corinthian Gulf, offering easy access to beaches, restaurants, cafés, beach bars, and nightlife. Distances: Corinth: 14 km,  Athens International Airport: 124 km,   Athens City Centre: approximately 1 hour by car.
The property also serves as an ideal base for exploring the most important destinations of the Peloponnese, including: Ancient Corinth,   Ancient Nemea,  Mycenae, Epidaurus,   Nafplio,   Spetses,   Mystras,   Ancient Olympia and many others, all reachable within approximately 15 minutes to 2 hours driving time. For winter tourism, visitors can reach, among others, Trikala Korinthias (the famous winter resort of 1,100m altitude) in approximately 1 hour and  Kalavryta Ski Center (1,700–2,300m altitude) in approximately 1 hour and 40 minutes.

Investment Highlights

✔ Absolute beachfront location

✔ Modern construction (2023)

✔ Operational tourist accommodation business

✔ Capacity for 30 guests

✔ Excellent online reviews (9.6/10 B[hidden information])

✔ Significant development and value-add potential

✔ Remaining buildable area of 240 sq.m.

✔ Potential for swimming pool construction

✔ Easily accessible from Athens and the International Airport

✔ Attractive to both domestic and international visitors year-round

An exceptional hospitality investment combining immediate income, expansion potential, and a strategic location at the gateway to the Peloponnese.  Alternatively, the property offers the flexibility to combine private residential or holiday-home use with income generation through either short-term or long-term leasing. 

Additionally, eligible for three residence permits under the GOLDEN VISA PROGRAM.
  • Property type

    Other

  • Floors

    4

  • Year built

    2023

  • Price/sqft

    $195

  • Consumption

    G

Explore the Area

Vrachati Community, Vrachati, Greece View on Google Maps
Price per sqft
Low
High

View 6 more listings in Vrachati Community

RE/MAX FIDELITY BROKERS

Joined 3 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

RE/MAX FIDELITY BROKERS
Greece
View agency profile
27
Listings
2023
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
RE/MAX FIDELITY BROKERS
ATHENS, Greece
View agency profile
Last updated
June 29
First listed
May 25
Listing reference
3718-5982
Call

Start phone call with:

Hello, I’m calling for the property with the reference 3718-5982, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.