Sale, Commercial, Hotel

IERAPETRA - CENTER

Property Code: 516775

Bathrooms 47
Floor 0 (Ground Floor)
Area 1772 m2
Construction 1981

950000

or by acquiring a mortgage €/ΜONTH

536.11738148984 € / m2

Modify Date: 30/03/26

Description

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

Loan Calculation

Loan Amount *Minimum loan amount 10.000€ Floating Interest Rate: Euribor 3M (indicatively 2%) + spread (from 1.75%) + contribution L.128/75 (0.12%) Fixed Interest Rate: from 2.8% + contribution L.128/75 (0.12%)
Loan Interest
Loan Repayment Period

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

Indicative Installment Amount

Interest Amount:
*The final interest rate is determined based on the mortgage loan program (floating, hybrid, fixed) and the borrower's profile.

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