Sale, Commercial, Hotel

SITIA - KATO ZAKROS

Property Code: 367602

Bathrooms 15
Floor 0 (Ground Floor)
Parking 20
Area 507 m2
Construction 2002

4000000

or by acquiring a mortgage €/ΜONTH

7889.5463510848 € / m2

Modify Date: 14/10/22

Description

Apartment sale At the most south-eastern tip of Crete, in the beautiful ΄΄Kato Zakro ΄΄. You are selling a family business of fully furnished apartments building surface of 507 square meters, within an area of ​​6750 square meters of beautiful garden, with vineyard, many kinds of fruit trees trees, ornamental plants and many flowers. The apartments are divided into two blocks and on two levels with ground floors access, with very large private terraces with panoramic views across the area, Canyon of the Dead, Minoan Palace and the beautiful beach. Their use can remain as it is with guaranteed fullness for 7 months a year, but with minor internal changes it can be converted in a boutique hotel. Even with minor changes it can be turned into four luxurious and independent residences two on the first level and two on the second level with ground access. In the apartments there is a hall and a courtyard with a licensed snack bar that does not work and is not equipped. At a distance of 400 meters from the apartments and for the same price you can also get one 1000 square meter garden with olive grove and deep well with all permits from which the water is pumped and irrigated by remote control from the apartments the whole area 24 hours a day. Solar water heaters are installed on the roof of the apartments which ensure the continuous flow of hot water, there are also photovoltaics which exceed the power consumption. There is also an underground water tank of 72 cubic meters that ensures continuous supply water in case of interruption from the municipal network. All apartments have their own parking space, but there is also a free one space for the creation of other parking spaces. The apartments are 400 meters from the beach and taverns. From the city of Sitia, which has an Airport and Port, the distance by car it is 55 minutes and the neighboring beaches of Xerokampou, Chionas, Kouremenou, Vai from 20 up to 35 minutes. Lower Zakros is a protected area and building is not allowed. Thus the existing buildings have a timeless capital value and their purchase is a success.

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Spa : No
Years of Operation : 20
Storehouse : Yes
Elevator : No
Gym : No
Floor : Tile
Double glazing : Yes
Rooms : Double, Triple
Equipment : Cooling - Heating
Equipment : Air condition, TV, Fridge
Heating : Air condition
Pool : No
Loading and unloading ramps : 1
Alarm : Preinstallation
Services : Garden
Hotel Category : 3*
Daily Price : 50
Percentage of Completeness : 90
Type Power : Three phase
Restaurant : Yes
Roof Garden : No
Position : Facade, Low population density
Lawn : Yes
Access : Good
Facilities : Restaurant
Use Area : Residential, Tourism
Parking Type : Open
Ability to Change Use : In nursing home
Type of Construction : Conventional
Elevators : -0.01

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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