This hotel is an amazing investment opportunity for those interested in Agios Nikolaos, Crete.
The total living space of this property is approximately 600 m2 and the plot is about 4300sqms. There is also the option of buying an adjoining plot of 1500 m2 for those wanting to expand.
The property consists of five 2-bedroom apartments and seven studio apartments, and the living spaces are made up of 4 areas:
- A block with 2 apartments – about 90 m2 in total. There is a building permit to build another two apartments on the top.
- A building with ground floor and another two floors made up of 10 apartments – with a total of about 400m2
- Reception area, Restaurant and breakfast area of about 70m2
- Building with Boiler and Linen Room – 75m2 in total
- Large swimming pool
The entire property is surrounded by a beautiful and well-kept garden with stone pathways and several seating areas. The owners have paid close attention to details and have covered elements such as outdoor A/C units with attractive wooden boxes, so that the entire garden area is attractive and pleasant for guests.
There are lovely views from the entire property of the countryside and the sea in the distance.
Gardens are watered by a large cistern on the property.
Directly opposite the restaurant/breakfast area is a large swimming pool.
There is also a parking lot on the property for guests
All the rooms, their kitchenettes and bathrooms, have been renovated. They all have attractive wooden furniture and are tastefully decorated. The air-conditioners in all the areas of the hotel were replaced with new units in 2020/21.
New boilers and 1000 lt tanks were installed in 2020/21. All solar water-heating systems were also serviced, repaired, and cleaned and function perfectly.
A new motor for the pool was also installed.
The hotel was built by the current owners and has been operating since 1983. It is a very profitable business with strong presence on all major booking platforms, and yearly awards from Tripadvisor and booking.com for service excellence.
Rooms are booked back-to-back from April to the end of October every year.
The property is easily accessible from the national road that connects Agios Nikolaos to the cities of Heraklion, Ierapetra and the town of Sitia. Guests can reach the popular beaches of Agios Nikolaos in 5 minutes by car.
