IERAPETRA - CENTER
Property Code: 516775
Traditional Hotel for Sale in the Heart of Ierapetra, Crete Property Overview For sale: A charming, traditional-style hotel offering an authentic Cretan hospitality experience, located in the very center of Ierapetra, Crete. The building encompasses a total surface area of 1,773.12 sq.m., situated on a prime plot of 805.40 sq.m. Built in 1981, this 46-room hotel is an established landmark in the city. The layout is as follows: Ground Floor: Featuring an inviting lobby area and an elevator serving all floors. First Floor: Includes a comfortable lounge, breakfast area, 11 en-suite rooms, a manager’s office, and essential utility spaces (reception storage, public W.C., linen room). Second Floor: Comprises a lounge area, 18 en-suite rooms, and dedicated storage/utility rooms. Third Floor: Includes a lounge area, 17 en-suite rooms, and additional staff/utility areas. Roof Level: Features supplementary utility rooms and a spacious open-air terrace with significant potential. This property represents a unique investment opportunity for entrepreneurs looking to enter or expand within the hospitality sector in Crete. The classic, traditional architecture offers a warm atmosphere that is highly sought after by travelers seeking a genuine cultural experience. With its strategic location, the hotel enjoys high accessibility to local amenities, beaches, and the vibrant life of Ierapetra.
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| Spa : | No |
| Years of Operation : | 40 |
| Elevator : | Yes |
| Gym : | No |
| Floor : | Tile |
| Double glazing : | Yes |
| Rooms : | Double |
| Start of Hire : | 0 |
| Equipment : | Cooling - Heating |
| Equipment : | Phone |
| Heating : | Without elevator heating |
| Remaining Duration : | 0 |
| Rental Performance : | 0 |
| Pool : | No |
| Loading and unloading ramps : | 0 |
| Alarm : | No |
| Type Power : | Three phase |
| Restaurant : | Yes |
| Services : | Garden |
| Level Separation : | Main |
| Level Separation : | Main |
| Level Separation : | Main |
| Level Separation : | Main |
| Level Separation : | Main |
| Roof Garden : | Yes |
| Position : | Facade |
| Lawn : | No |
| Access : | Immediate |
| Facilities : | Restaurant, Elevator |
| Use Area : | Tourism |
| Energy Class : | D |
| Elevators : | 1 |
| Ability to Change Use : | In nursing home |
| Type of Construction : | Conventional |
| Floor area : | 20 |
| Floor area : | 20 |
| Floor area : | 572 |
| Floor area : | 572 |
| Floor area : | 68 |
| Energy Class : | D |
Example: Loan of €100,000, total duration 30 years. For the first three years, final interest rate 2.92% and for the remaining 27 years, final interest rate 4%. Indicative installment for the first three years ~€420 and for the remaining 27 years ~€500
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