FAISTOS - KAMARES
Property Code: 530705
A 800 sq.m. hotel property, built in 1965 and partially renovated in 2000, set in the beautiful natural landscape of Southern Crete. An excellent opportunity for investors seeking a property with significant development potential. The property features: 31 guest rooms Spacious common areas Traditional architecture with distinctive character Excellent potential for renovation, reopening, or conversion into a modern hospitality establishment Ideal for hotel operation, boutique hotel, retreat, or other hospitality investment projects A separate fenced 300 sq.m. plot, located directly opposite the hotel, is also available. It can be purchased together with the hotel or separately, offering additional development opportunities according to the buyer's investment plans. The property enjoys a peaceful setting surrounded by authentic Cretan scenery, while offering convenient access to key attractions and destinations in the wider area.
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| Years of Operation : | 45 |
| Input Height (cm) : | 3 |
| Storehouse : | In the space |
| Storehouse (s.m.) : | 10 |
| Elevator : | No, Elevator capability |
| Rooms : | Double, Triple, Single |
| Start of Hire : | 7/2026 |
| Heating : | Without elevator heating |
| Hotel Category : | 1*, 2*, 3*, 4*, 5*, 6*, 7* |
| Rental Performance : | -0.01 |
| Restaurant : | Yes |
| Roof Garden : | Yes, No |
| Access : | Immediate, Bus, KTEL (Bus transport) |
| Parking Type : | Open |
| Facilities : | Restaurant |
| Use Area : | Residential, Tourism |
| Ability to Change Use : | In shopping center |
| Type of Construction : | Conventional |
| Energy Class : | F |
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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