For Sale
12 apartment complex in Vourvourou, Chalkidiki, Greece
Description
A unique investment opportunity, suitable for the construction of a hotel/Airbnb apartments.
Property Overview:
A meticulously crafted complex boasting 12 independent apartments, each thoughtfully equipped with private kitchens.
Set upon a sprawling 16,000 sq.m. plot of land.
The combined area of these apartments extends to 326 sq.m.
Envision the potential for expansion, with an additional 3,200 sq.m. available for development.On-Site Amenities:
A capacious garden kitchen catering to culinary enthusiasts.
An inviting barbecue area, designed for hosting gatherings of distinction. An expansive dining table accommodating up to 10 guests, fostering al fresco dining experiences. Graced by serene olive trees, the landscape exudes quintessential Mediterranean charm.
A volleyball court for those seeking active recreation.
A dedicated children’s playground, ensuring a haven of joy for the young ones.Location Advantages:
A mere 400 meters from a pristine sandy beach, providing direct access to the Aegean’s azure waters.
Seamless boat rental services, promising endless coastal adventures.Investment Rationale:
An impeccable choice for investment in rental resort real estate.
Capitalize on high tourist demand, with a remarkable occupancy rate ranging from 85% to 90% during the peak season.
The property is attractively priced at 1,100,000 euros.Investment Considerations:
Prudent investment of approximately 300,000 euros recommended for renovations and the installation of a swimming pool.
With a pool in place, anticipate an average rental price ranging from 140 to 220 euros per night, contingent upon the month.
Potential yield estimated between 8.2% – 9.8%, offering a robust return on investment.
Recognize the immense potential for redevelopment, with the capacity to expand to include up to 100 rooms when fully developed.Contact
Ivan Potapov
Property Agent
ivanpotapov@balkan-estate.com
- Property ID 1241040
- Price โฌ1,100,000
- Property Type Commercial/Hotel
- Property status For Sale
- Bedrooms 14
- Bathrooms 11
- Size 326 m2
- Land area 16,000 m2
- Label Hot Offer, Investment, Sale
Address
- Country: Greece
- City / Town: Sithonia
