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AGIOS NIKOLAOS - MILATOS
Property Code: 536648
Prime Investment Opportunity in Milatos Beach, Lassithi Located in one of the most picturesque coastal destinations of Lassithi, Milatos Beach, this fully renovated complex of six independent apartments (totaling 375 sq.m.) is offered for sale as a turnkey investment property. The residence features one spacious 75 sq.m. apartment and five comfortable 60 sq.m. apartments, all fully equipped with modern household appliances and designed to deliver an exceptional guest experience. Milatos Beach is a charming, authentic seaside fishing settlement that perfectly combines traditional Cretan character with high tourist demand. Situated strategically between vibrant hotspots like Hersonissos, Malia, and Agios Nikolaos, it serves as a peaceful haven for visitors seeking relaxation. The area is celebrated for its famous waterfront fish tavernas, picturesque harbor, sheltered coves, and notable historical sites like the historic Milatos Cave. Popular for buggy safaris, boat trips, and cultural tours, Milatos attracts steady seasonal tourist traffic while maintaining its tranquil charm. The property sits on a generous combined plot of 1,450 sq.m. (a main 750 sq.m. parcel plus an adjoining 700 sq.m. lot), providing immense potential for expansion thanks to a building factor coefficient of 0.6 on the additional land. The exterior grounds already feature designated private parking spaces, provision for a swimming pool, and breathtaking, unobstructed views over the Cretan Sea.Its move-in-ready condition, combined with the booming tourism appeal of East Crete and high future development yields, makes this a unique, high-return asset ideal for boutique hotel operation, luxury holiday rentals, or commercial exploitation. Please note that exterior images are AI renderings showing the projected completion, as the property is currently under renovation.
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| Renovation : | Complete, External painting, Internal painting, Kitchen closets, Kitchen tiles, Bath tiles, Double glazed windows, Safety door |
| Elevator : | No |
| Floors : | Tile |
| Electrical devices : | Some |
| Living room : | Single with dinning room, Bright, Modern |
| Pets acceptable : | Yes |
| Air conditioning : | Yes |
| Kitchen : | Single with dinning room, Bright, Modern |
| Kitchen (number) : | 6 |
| Bathrooms : | With shower |
| Bathrooms (number) : | 6 |
| Stairs : | External |
| Type Power : | Three phase |
| Rooms : | 12 |
| Floor area 0 : | 190 |
| Level Use : | Dining room, Sitting, Kitchen, Double bedrooms, Bath, Garden, Apartment |
| Floor area 1 : | 185 |
| Level Use : | Dining room, Sitting, Kitchen, Double bedrooms, Bath |
| Heating : | Air condition |
| Terraces : | Big, With beautiful view |
| Property area : | 1450 |
| External appearance : | Excellent, Beautiful garden |
| Garden : | Yes |
| Garden (s.m.) : | 1100 |
| Surrounding area : | Very green, Close to market, Big plot, With big garden, Quiet area |
| Noise : | Quiet |
| No. Floors : | 2 |
| Number of apartments : | 6 |
| Zone : | Residential zone |
| View : | Sea |
| Suitable for Vacation House : | Yes |
| Suitable for Business use : | Yes |
| Suitable for Students : | No |
| Quality construction : | Modern construction |
| Quality area : | Very quiet, Very green |
| Orientation : | Northeastern |
| Transportation : | KTEL (Bus transport) |
| Type Parking : | Open |
| Positions Parking (number) : | 6 |
| Position : | Double frontage, Facade |
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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