Prime Investment Opportunity in Milos.
ID MeB-1429

Prime Investment Opportunity in Milos. Located in a vibrant area of Milos Island, this exceptional property offers a total area of 1,800 m² across two separate plots, combining commercial and residential spaces in a prime location on the beautiful island of Milos.

The first plot, covering 3,354.70 m², features two independent buildings. The western building, a ground-floor commercial property with a total surface area of 299.40 m², includes four distinct shops. The first shop, spanning 76.50 m², consists of an open-plan area and a WC, with concrete flooring, wooden frames, and air conditioning, currently leased to a vehicle rental company. The second one, at 74.50 m², offers two open spaces and a WC, with tiled floors, wooden frames, and air conditioning, and is rented as a travel agency. The third one, measuring 60.15 m², has an open space and a WC, with tiled floors, PVC frames, and air conditioning, and is leased as a fish market. The fourth shop, occupying 59.80 m² with an additional 28.45 m² storage space, features an open area and a WC, with tiled floors, wooden frames, and air conditioning, and is rented as a restaurant. Read more

Prime Investment Opportunity in Milos. Located in a vibrant area of Milos Island, this exceptional property offers a total area of 1,800 m² across two separate plots, combining commercial and residential spaces in a prime location on the beautiful island of Milos.

The first plot, covering 3,354.70 m², features two independent buildings. The western building, a ground-floor commercial property with a total surface area of 299.40 m², includes four distinct shops. The first shop, spanning 76.50 m², consists of an open-plan area and a WC, with concrete flooring, wooden frames, and air conditioning, currently leased to a vehicle rental company. The second one, at 74.50 m², offers two open spaces and a WC, with tiled floors, wooden frames, and air conditioning, and is rented as a travel agency. The third one, measuring 60.15 m², has an open space and a WC, with tiled floors, PVC frames, and air conditioning, and is leased as a fish market. The fourth shop, occupying 59.80 m² with an additional 28.45 m² storage space, features an open area and a WC, with tiled floors, wooden frames, and air conditioning, and is rented as a restaurant.

The eastern building spans a total area of 1,480.33 m². Its basement of 103.33 m² includes a biological wastewater treatment area and storage tanks. The ground floor is home to several units, including a 320.20 m² shop with an 82.00 m² storage area, currently operating as a restaurant. Other units include a 15.80 m² shop leased to a vehicle rental company, a 55.30 m² shop that is currently vacant, a 55.30 m² unit leased as a grill house, a 57.00 m² unit leased as an optician’s store, and a 54.75 m² unit rented to a vehicle rental company. The property also includes a ground-floor residence of 42.15 m² with two rooms and a WC. On the first floor, several rental rooms are available, including seven single-room units and two double-room units, all featuring private WCs, with most rooms having balconies. Additional facilities include a reception area and utility spaces. These rooms were renovated around 2010 and operate from May to October each year. A first-floor apartment of 95.90 m² offers a combined living and kitchen area, bathroom, and two bedrooms. This plot also allows for additional construction up to 1,678.30 m², with a maximum of two floors and 50% coverage.

The second plot, with a total area of 2,248.57 m², includes auxiliary ground-floor spaces of 45.00 m² mainly used for storage. A first-floor residence of 54.70 m² features a kitchen, living area, bathroom, bedroom, and balconies on the north and south sides. This plot has a construction allowance of up to 2,248.57 m², with 2,148.87 m² still available for development.

Generating over €120,000 annually from leases and rentals, this property is a lucrative investment opportunity. Built in 1990, it offers a unique combination of commercial and residential spaces in one of Milos most desirable locations.

Dont miss out on this rare opportunity to own a piece of Milos – where your investment meets endless potential!

Prime Investment Opportunity in Milos. Location Information:

Milos is one of the volcanic Greek islands, sitting at the southernmost part of the Cyclades island complex.

Thanks to its volcanic origin, Milos boasts a magnificent colorful landscape and a coastline that counts more than 40 exotic beaches.

Being relatively close to famous Cyclades islands, such as Santorini, Mykonos, Paros and Naxos, Milos Greece offers the perfect chance for investment!

You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.