Investment Building for Sale in Chania
Chania
Property details
Specifications
- Property Type
- Building
- Property Size
- 83 m²
- Year Built
- 1982
- Floor
- 2 floor
Location & reference
- Prefecture
- Chania
- Municipality
- Chania
- Location
- Chania
- Ref No.
- 0B-1722
Description
Investment Building for Sale in Chania. An excellent real estate investment opportunity in the heart of Chania, Crete, featuring an existing 83 sq.m. two-storey building with a total permitted building allowance of 364 sq.m. Located in a central urban setting, this property offers significant potential for renovation and further residential development, making it an attractive option for investors, property developers, and buyers seeking a promising real estate project in Chania city centre.
Originally constructed in 1982, the building is arranged over two levels, comprising a 45 sq.m. ground floor and a 38 sq.m. first floor. The property retains characteristic architectural details, including traditional wooden shutters, balconies, and an external staircase, reflecting the charm and character of older residential buildings in Chania.
One of the propertys most valuable advantages is its total permitted building allowance of 364 sq.m., providing the potential for substantial additional construction beyond the existing building. This creates opportunities for the development of multiple residential apartments, subject to technical verification, applicable planning regulations, and the necessary building permits.
Originally constructed in 1982, the building is arranged over two levels, comprising a 45 sq.m. ground floor and a 38 sq.m. first floor. The property retains characteristic architectural details, including traditional wooden shutters, balconies, and an external staircase, reflecting the charm and character of older residential buildings in Chania.
One of the propertys most valuable advantages is its total permitted building allowance of 364 sq.m., providing the potential for substantial additional construction beyond the existing building. This creates opportunities for the development of multiple residential apartments, subject to technical verification, applicable planning regulations, and the necessary building permits.
The existing building requires renovation, allowing the future owner to redesign and modernise the interiors according to their investment objectives. Its configuration offers the possibility of transforming the property into contemporary urban accommodation or incorporating the existing structure into a larger residential development project.
At the rear of the property, a private courtyard provides additional outdoor space, while existing auxiliary structures require legalisation. The seller is willing to deduct the agreed legalisation costs from the final purchase price if the buyer chooses to undertake the process, subject to mutual agreement.
The propertys central location in Chania is a significant advantage, offering convenient access to shops, restaurants, cafes, professional services, and everyday amenities. Chania is one of Cretes most established residential and tourism destinations, attracting interest from both domestic and international property buyers.
From an investment perspective, the combination of an existing building, private outdoor space, and substantial development potential offers flexibility for different strategies. Investors may explore renovating the current residence, constructing additional apartments for long-term rental income, or developing modern residential units for resale, subject to the relevant approvals.
For developers seeking residential investment opportunities in Crete, the propertys building allowance and central location provide an appealing foundation for a carefully planned development project. Its potential to accommodate additional residential space makes it particularly interesting for buyers looking to maximise the use of an urban property in Chania.
This is an attractive opportunity to acquire a centrally located property with considerable renovation and development potential in one of Cretes most desirable cities.
Investment Building for Sale in Chania. Location Information:
Chania is considered to be the most poetic city of Crete; when you walk through it, it leaves you with a pleasant taste of beauty. Chania’s Venetian port, picturesque at any time and season, is attractive to visitors and locals for its beauty and for its choices of entertainment for all tastes and demands.
The “Old Town” consists of the old Venetian harbour and the small Venetian blocks located behind the harbour; it is characterized by narrow and picturesque alleys – similar to an enchanting labyrinth – full of life, and the plentiful remaining Venetian and Turkish buildings.
The Lighthouse, the Fortress of Firka, the Mosque of Kioutsouk Hasan, the Great Arsenali, and the Neoria have become landmarks of the city. Most of the buildings are rejuvenated and they compose a puzzle of contemporary, Venetian, and Turkish architecture; they are also a ‘living’ exhibition of the city’s history. Today they work as shops, taverns, cafes, and touristic accommodations.
The most famous part of the Old Town is the lively round waterfront along the Venetian harbour, which is full of small hotels, cafes, restaurants, taverns, and bars. The Lighthouse at the end of the harbour is a landmark of Chania.
At the rear of the property, a private courtyard provides additional outdoor space, while existing auxiliary structures require legalisation. The seller is willing to deduct the agreed legalisation costs from the final purchase price if the buyer chooses to undertake the process, subject to mutual agreement.
The propertys central location in Chania is a significant advantage, offering convenient access to shops, restaurants, cafes, professional services, and everyday amenities. Chania is one of Cretes most established residential and tourism destinations, attracting interest from both domestic and international property buyers.
From an investment perspective, the combination of an existing building, private outdoor space, and substantial development potential offers flexibility for different strategies. Investors may explore renovating the current residence, constructing additional apartments for long-term rental income, or developing modern residential units for resale, subject to the relevant approvals.
For developers seeking residential investment opportunities in Crete, the propertys building allowance and central location provide an appealing foundation for a carefully planned development project. Its potential to accommodate additional residential space makes it particularly interesting for buyers looking to maximise the use of an urban property in Chania.
This is an attractive opportunity to acquire a centrally located property with considerable renovation and development potential in one of Cretes most desirable cities.
Investment Building for Sale in Chania. Location Information:
Chania is considered to be the most poetic city of Crete; when you walk through it, it leaves you with a pleasant taste of beauty. Chania’s Venetian port, picturesque at any time and season, is attractive to visitors and locals for its beauty and for its choices of entertainment for all tastes and demands.
The “Old Town” consists of the old Venetian harbour and the small Venetian blocks located behind the harbour; it is characterized by narrow and picturesque alleys – similar to an enchanting labyrinth – full of life, and the plentiful remaining Venetian and Turkish buildings.
The Lighthouse, the Fortress of Firka, the Mosque of Kioutsouk Hasan, the Great Arsenali, and the Neoria have become landmarks of the city. Most of the buildings are rejuvenated and they compose a puzzle of contemporary, Venetian, and Turkish architecture; they are also a ‘living’ exhibition of the city’s history. Today they work as shops, taverns, cafes, and touristic accommodations.
The most famous part of the Old Town is the lively round waterfront along the Venetian harbour, which is full of small hotels, cafes, restaurants, taverns, and bars. The Lighthouse at the end of the harbour is a landmark of Chania.
Features
- Yard
