Building for sale in Chania

€ 550,000*

The property is located in "Dikastiria", one of the most sought after neighborhoods of the city. It comprises of a two-storey building with three apartments that has a large garden. You can make several improvements to the building but it is structurally in perfectly good condition and all the apartments are habitable. The area is ideally located between the Venetian Harbor and Chalepa. Chalepa has seen rapid growth with the new archaeological museum of the city, as well as the coastal area of Tabakaria that was recently listed as an archeologically protected neighborhood and is currently under development. Therefore, this prime location is expected to attract the tourist interest of the city, in the near future.

The property comprises a very large plot, which has a good shape and average dimensions of about 15 m (frontage) * 40 m. The building ratio of the plot is 1.6 and the cover rate 60%. You can highlight the existing building and use it for tourist purposes or you may lease it, in order to have a good income. There is plenty of space, if you want to construct a swimming pool and a large garden while there are already mature orange trees. The building is on the side of the frontage and there is enough free space at the back, in order to construct one more building and you can leave free space in the middle or on the back. If you choose to demolish the building, you can build up to four new floors with a maximum total area of 976 m².

Upstairs, there is a large ground floor apartment, which is elevated. A few steps lead to the main entrance. Due to the slope of the ground, the back side has balconies and is at the level of the first floor. As it was common in the old residences of this architectural style, the main entrance opens onto a wide corridor that connects all the spaces. There are a large living and sitting area, a bathroom as well as 4 additional rooms, one of which was constructed later and is used as a storeroom. The existing layout allows you if you want to lease the floor as three or up to four office spaces with a shared bathroom. If you maintain the residential use, you can join the kitchen and the living area, in order to have three bedrooms and to keep the storeroom as it is. The upper floor has a solar panel and independent heating with the radiators and oil boiler.

The basement comprises two apartments, each of which has a bathroom, a bedroom, a living room and a separate kitchen. For each one there is an independent entrance from the courtyard, in order to have good privacy and you can use a separate part of the courtyard. The two sides of each apartment are at the ground level and all the spaces are bright enough. If you stay with your family in the property, you can easily join the two floors internally or you may lease the two apartments, in order to have a good monthly income.

In the region of Dikastiria, there is a high demand for both commercial and residential properties. It is properly town-planned and consists of many neoclassical buildings and detached manor houses. This has always been a high-end area over the years and offers great potential for a long-term investment.