Unconverted Hotel for sale in Kolymbari, Chania

€ 695,000

Mun. unit of Kolymbari, Platanias, Chania, Crete

• Bedrooms: 24
• Bathrooms: 24

The property is located in the center of the seaside Kolimbari, in an excellent location, from where it has beautiful views of the sea and the picturesque small port of the area. Kolimbari is of high tourist interest and within walking distance from the property, there are luxury lodging units that attract quality tourists. No maintenance work has been done in the hotel since its opening and therefore, several improvements are needed, in order to become fully functional. The area gives you the opportunity, in any case, to get the money of the purchase back in a short period of time and to have a significant annual income.

On the plot of property, there is plenty of unused space at the back side of the building. The ground at this area is steep, which complicates the possible construction of a swimming pool or a garden. However, there are unobstructed sea views as it is elevated above the building. There are 10 of the 24 rooms on the ground floor of the hotel and there are also a reception and kitchen, which can be used for breakfast or coffee. The remaining 14 rooms are upstairs and 5 of them have balconies and sea views. The stairway that leads to the upper floor ends on the rooftop terrace, which is easily accessible and can be converted into anything that meets the needs of your hotel, with small modifications.

The property is a good choice and investment as the area is growing steadily, at a rapid pace for several years. Kolimbari has all the infrastructure, which is required for any lodging unit and within a short distance from the property there are many restaurants, big supermarkets, banks and various shops. Within walking distance, there is also a long pebbly beach, which offers many options in areas with facilities or quieter places. The distance from the city center of Chania is about 25 minutes' drive and from the airport 40 minutes.