Prime Investment Opportunity in Milos

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.