Complex with 20 Residences for sale in Panormo.
ID 12-640

Complex with 20 Residences for sale in Panormo. This exceptional hotel complex of 1050 sq.m is located in the picturesque town of Panormo, Mylopotamos, offering a unique opportunity for those seeking to invest in the thriving hospitality industry of Crete. The property is conveniently situated just 100 meters from the crystal-clear waters of the sea, making it an ideal choice for vacationers seeking a tranquil and idyllic setting. With its prime location and excellent facilities, this hotel complex presents a promising investment opportunity.
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Complex with 20 Residences for sale in Panormo. This exceptional hotel complex of 1050 sq.m is located in the picturesque town of Panormo, Mylopotamos, offering a unique opportunity for those seeking to invest in the thriving hospitality industry of Crete. The property is conveniently situated just 100 meters from the crystal-clear waters of the sea, making it an ideal choice for vacationers seeking a tranquil and idyllic setting. With its prime location and excellent facilities, this hotel complex presents a promising investment opportunity.

Built-in 1990 and with partial renovation in 1995, the property spans an impressive 1050 sq.m and comprises 20 carefully designed apartments, each offering a comfortable and welcoming atmosphere. All the apartments feature air conditioning units to ensure a pleasant stay for guests throughout the year.

Within the complex, a beautifully landscaped garden awaits, partially renovated with a lush green lawn and complemented by a 40 sq.m swimming pool. This tranquil oasis provides a serene escape for guests who wish to relax and unwind in a peaceful environment.

The hotel complex offers a variety of accommodation options to suit different needs. There are 10 cozy studios, perfect for couples or solo travelers, as well as 6 double room apartments measuring 55 sq.m each, providing a comfortable living space with a bedroom, bathroom, and a living room-kitchen area. Additionally, there are two fully furnished apartments of 60 square meters, each featuring two bedrooms, a spacious living room-kitchen, and a bathroom. Lastly, the complex offers two charming maisonettes of 75 sq.m each, with a living room-kitchen on the ground floor and two bedrooms and a bathroom on the first floor.

Panormo is a charming coastal town that captivates visitors with its natural beauty and warm hospitality. With its traditional architecture, narrow streets, and lovely port, this idyllic destination offers a delightful ambiance for both locals and tourists alike. The town boasts a selection of taverns, cafes, and shops, providing a vibrant atmosphere for visitors to enjoy.

Situated in such a sought-after location, this impressive hotel complex presents an excellent investment opportunity for entrepreneurs looking to establish a successful hospitality business in the heart of Panormo. Don't miss the chance to own this remarkable property and be part of the flourishing tourism industry in this enchanting part of Crete.

Complex with 20 Residences for sale in Panormo Location Information:

Panormos is a beautiful fishing village lying 22 km east of Rethymno town, on the northern coast of Crete. The sandy beach is fully organized with crystal-clear waters and a serene atmosphere. Plenty of taverns and accommodations with an amazing view over the sea are available in the wider region.

Rethymno combines rarely united features: the old town’s charm and history, with proximity to a long sandy beach.

There are two sides to Rethymno offering two styles of visit: the endless big beach hotel strip that stretches from the east end of Rethymno, lapping up the coastal “villages” of Perivolia, Platanias, Adelianos Kambos, Pigianos Kambos, Sfakaki, Stavromenos and Skaleta – and – the Rethymno that allows you the character of the old town with its mix of architecture and history, cultural influences and styles ranging from Venetian to Ottoman empire.

We present the second and more romantic choice – leaving the all-inclusive beach and booze tours to others.

it’s a place that moves slowly, a very romantic plead, and most important preserves much of its Venetian and Turkish appearance.

Explore one of the best-preserved medieval cities in Greece, and search for your fairy-tale romance in Rethymno.

Venetian fortification works mingle harmonically with orthodox and catholic churches, mosques, majestic mansions of Venetian architecture, arches and cobbled paths which create a magical atmosphere, and reminiscence of the city’s turbulent “yet glorious” past.

Before leaving the beach, we should mention that there are other visitors – the turtles. Turtles are regular visitors along the beaches of Rethymno and return between June and August to lay their eggs each year.

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.