Seafront Hotel For Sale In Crete Greece

A great opportunity to acquire a hotel property situated in the cosmopolitan area of Elounda resort, exactly on the water's edge. Surrounded by 450m² of land, offering wonderful views of the blue Cretan sea and fantastic sunsets, it is perfect for further development!

The corner hotel consists of two buildings, ideally placed in peaceful surroundings, while a boat dock is also available.

The first building spreads over three levels and is 620m² in total having a sea frontage of 25 metres while the second building is of 240m² and on two levels.

The hotel belongs to an S.A Company while major renovation is needed, estimated at approximately 600.000 Euros as being fully furnished and equipped.

After renovation has been undertaken, this special property with its big sea facade, can be transformed into a unique hotel full of character presenting an interesting investment opportunity with room for further improvement!

The property can be utilised in a number of different ways. Given the size and the location of the hotel, there is possibility for 13 suites of 50m² each to be constructed; ten suites in the first building and another three in the second building.

Zaira Collection can provide you with the largest choice of furniture for your new home or holiday home on Crete, Greece. Zaira Collection contains a complete range of bedroom, dining room and living room furniture to suit all tastes and budgets.


Location:

Elounda is located in east Crete, north of Agios Nikolaos and south of the seaside resort of Plaka. Elounda was once a picturesque fishing village in the lovely Mirabello Bay. The inhabitants lived from farming, fishing, salt extraction from the Venetian saltpans, and emery mining.

In the hills around Elounda is found a mineral unique to Greece, “akonopetra” or whetstone, a type of fine emery used to make whetstones and emery paper to hone tools used in many different jobs. The emery of Elounda had long been known in Europe by the name of “Turkey stones” or “Naxos stone”.

Once discovered by tourism, Elounda developed into a resort famous for its beautiful scenery and luxury hotels which are still being built in the area. It is said to be the place with the most five-star hotels in Greece.

Price (Euros) 1850000

Build area (m²) 620 + 240

Land area (m²) 450

By sea yes

Sea View yes

Inside Village yes

Distance to airport, km 60 (Heraklion)

Town Distance, km 10 (Aghios Nikolaos)