Sale, Residential, Building

Rare Investment Opportunity in the Heart of Heraklion – Fully Independent 216 sq.m. Corner Building For sale: a fully independent corner building with a total surface area of 216 sq.m., situated in a highly prominent location with views of Heraklion’s historic Venetian Walls. This is a unique property comprising four independent units and multiple income streams, combining the stability of commercial leases with the strong potential of residential and tourism-oriented use. One Entire Building. Multiple Possibilities. GREEN – 96 sq.m. Apartment | 1st Floor Fully renovated in 2025, with Energy Class A and high-quality modern specifications. The apartment features: 3 bedrooms spacious, modern kitchen comfortable living room storage room external thermal insulation air-conditioning units modern energy-efficient and construction standards Its key advantage is the unobstructed view of the Venetian Walls and the sea. Ideal both for high-value long-term rental and private residence. PENTHOUSE – 21 sq.m. Studio | 2nd Floor A fully furnished and equipped studio, designed to make the most of its exceptional location. It includes modern electrical appliances and offers access to an 80 sq.m. roof garden. Its privacy, views and distinctive character create a true “urban retreat” in the heart of Heraklion, with significant potential for short-term tourist rental. SHOP A – 63 sq.m. | Ground Floor Already leased to a reliable tenant, with an active lease agreement until 2030. It provides immediate and stable monthly income from the first day of the transfer of ownership, strengthening the property’s overall investment profile. SHOP B – 36 sq.m. | Corner Ground-Floor Unit A highly visible corner retail unit, offering excellent exposure and significant potential for commercial exploitation. Why This Property Stands Out Full Independence: The purchaser acquires the entire building, including the land and all building rights, with no co-owners and no shared/common expenses. This provides complete freedom in managing and utilizing each individual space. 4 Independent Income Streams: Two commercial and two residential units create a diversified income model. Strong Tourism Potential: Located directly opposite the Venetian Walls, within walking distance of the historic city center and the seafront, the property offers significant potential for tourism-oriented use. Ready for Transfer: The property file is complete and ready for transfer, with no outstanding administrative or financial matters. Investment Flexibility: The property can be operated through different combinations of long-term and short-term rentals, depending on the investor’s strategy. Investment Potential Under a hybrid investment model — short-term/tourist rental of the residential units combined with long-term leasing of the commercial units — the total annual ROI is stated to have the potential to exceed 6%, depending on the final operating strategy and actual rental revenues. Prime Location Heraklion, Crete – directly opposite the Venetian Walls. A location combining: immediate proximity to the historic city center excellent visibility easy access to the seafront strong commercial activity significant tourist traffic continuous upgrading and development of the surrounding area A Rare Combination of Features Historic Views • Commercial Visibility • Tourism Potential • Immediate Income • Full Ownership Independence A comprehensive investment proposition for those seeking a fully independent property in central Heraklion, offering multiple utilization options and diversified income streams. Further information and property presentation available upon request.