For Sale

12 apartment complex in Vourvourou, Chalkidiki, Greece

1241040

Property ID

326 m2

Size

14

Bedrooms

11

Bathrooms

€1,100,000

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
+306974181884
ivanpotapov@balkan-estate.com
Other Properties


Address

  • Country: Greece
  • Province / State: Halkidiki (Chalkidiki)
  • City / Town: Sithonia