Unfinished Hotel Building for sale in Akrotiri.
ID 02-696

Unfinished Hotel Building for sale in Akrotiri. This substantial hotel project, covering 2,476 sqm on a sprawling 9,482 sqm plot, is situated in the rapidly developing coastal area of Akrotiri, Chania. The property offers a prime opportunity for those looking to develop a hotel or apartment complex in an exceptional seaside location.

The building is structured across three levels. The basement, spanning 755.17 sqm, includes three storage rooms, two customer WCs, two staff WCs, a 42.87 sqm laundry area, a 75.75 sqm kitchen/cooking area, and a 44.20 sqm swimming pool. Read more

Unfinished Hotel Building for sale in Akrotiri. This substantial hotel project, covering 2,476 sqm on a sprawling 9,482 sqm plot, is situated in the rapidly developing coastal area of Akrotiri, Chania. The property offers a prime opportunity for those looking to develop a hotel or apartment complex in an exceptional seaside location.

The building is structured across three levels. The basement, spanning 755.17 sqm, includes three storage rooms, two customer WCs, two staff WCs, a 42.87 sqm laundry area, a 75.75 sqm kitchen/cooking area, and a 44.20 sqm swimming pool.

The ground floor, with an area of 893.34 sqm, is designed to accommodate a combination of apartment types. It features five two-bedroom apartments, each with an open-plan living and kitchen area and two bathrooms. Additionally, there are five one-bedroom apartments, each with a living and kitchen area and one bathroom.

The first floor mirrors the ground level in its design, covering 827.56 sqm. It includes seven two-bedroom apartments, each with an open-plan living and kitchen area and two bathrooms, as well as five one-bedroom apartments with similar layouts.

Constructed in 1989, the hotel is currently in the reinforced concrete phase, with some of the external masonry completed. Perched on a hill, the property boasts stunning, uninterrupted views of the sea and the White Mountains. With the nearest beach just 550 meters away, this location is ideal for developing a high-end hotel or resort.

This is a remarkable investment opportunity in a desirable area, offering significant potential for future development.

Unfinished Hotel Building for sale in Akrotiri. Location Information:

Akrotiri is a vibrant peninsula located on the northern coast of Crete, near the city of Chania. This area is known for its stunning natural beauty, picturesque landscapes, and rapid development, making it a prime location for real estate and hospitality investments.

Geographical and Cultural Appeal:

Akrotiri offers a diverse range of attractions, including beautiful beaches, historic sites, and traditional Cretan villages. The peninsula is characterized by its rolling hills, panoramic sea views, and proximity to Chania, one of Crete’s most charming and historically rich cities. Key attractions include the stunning beaches of Stavros and Kalathas, the serene village of Kounoupidiana, and the historic Venizelos tombs.

Investment Potential:

Real Estate Development: Akrotiri’s appeal to both locals and international buyers makes it a lucrative area for real estate development. The areas scenic beauty and growing popularity as a tourist destination drive demand for residential and commercial properties. Investors can capitalize on this trend by developing luxury villas, apartments, or mixed-use properties that cater to both residents and visitors.

Tourism and Hospitality: The areas proximity to Chania and its beautiful coastal setting provide a strong foundation for hospitality ventures. Akrotiri is ideal for developing boutique hotels, resorts, or vacation rentals. The area’s growing reputation as a tourist destination and its accessibility to Chania’s amenities make it an attractive location for high-end tourism projects.

Infrastructure Development: Akrotiri is experiencing significant infrastructure improvements, including road enhancements and public facilities. This ongoing development supports real estate investments and increases the areas attractiveness for commercial ventures. The expansion of infrastructure enhances connectivity and accessibility, which is vital for both residential and commercial investments.

Economic Growth: Chania and its surrounding areas, including Akrotiri, are experiencing economic growth driven by tourism, agriculture, and local businesses. This economic vitality contributes to a favorable investment climate, with potential returns on investment being supported by a growing local economy.

Quality of Life: The area offers a high quality of life with a blend of modern amenities and traditional charm. This makes it appealing to both expatriates seeking a serene lifestyle and locals desiring a connection to Crete’s cultural heritage. The combination of natural beauty, cultural richness, and modern conveniences adds to the attractiveness of Akrotiri as a real estate and hospitality investment destination.

Overall, Akrotiri presents significant investment potential due to its scenic appeal, growing popularity, and ongoing development. The area’s natural beauty, coupled with its proximity to Chania and improvements in infrastructure, positions it as a prime location for real estate and tourism ventures.

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