Residential Building for sale in Agios Nikolaos Crete.
ID 3B-1022

Residential Building for sale in Agios Nikolaos Crete. With an exceptional location just 20m away from the crystal waters of the mesmerizing sea, this magnificent 5-storey building of 900sqm with 11 apartments and one shop is a tremendous opportunity at an excellent price, a complete solution for investors seeking rental assurance on the fascinating Island of Crete.

The building was originally constructed in 1981 and has been renovated to excellent standards in 2005, presenting 11 fully furnished and equipped apartments and a ground floor shop. Read more

Residential Building for sale in Agios Nikolaos Crete. With an exceptional location just 20m away from the crystal waters of the mesmerizing sea, this magnificent 5-storey building of 900sqm with 11 apartments and one shop is a tremendous opportunity at an excellent price, a complete solution for investors seeking rental assurance on the fascinating Island of Crete.

The building was originally constructed in 1981 and has been renovated to excellent standards in 2005, presenting 11 fully furnished and equipped apartments and a ground floor shop.

The building spreads on five floors, from the basement to the third floor.

The basement is 80sqm and consists of the machinery equipment and storage, while the ground floor comprises a reception area, a 45sqm one-bedroom apartment, a 22sqm studio, and a 38sqm shop with a 20sqm mezzanine floor and a large facade.

The first floor has a 67sqm two-bedroom apartment and two one-bedroom apartments of 60sqm each, and the second one has three one-bedroom apartments with large verandas, of 45sqm, 45sqm and 50sqm respectively.

The top third floor is occupied by one apartment with two bedrooms, a studio apartment of 20sqm, and a single-bedroom apartment.

The apartments have a license to operate as furnished holiday rentals, but they are currently used as long-term rentals generating a net annual profit of 70.000 Euro.

It is the SA Company that owns this property that is for sale, and this is its only asset.

This is an exceptional opportunity to invest in Crete, providing lots of rental potentials all year round.

Residential Building for sale in Agios Nikolaos Crete Location Information:

Different to all other towns in Crete, Agios Nikolaos manages to mix – upon the three hills which support its girth – an arty, leisurely, sleepy and yet also bustling place.

Agios Nikolaos is a medium-size town with a small-town feel, one that has lots to offer … with rich history too.

The town sits partially upon the ruins of the ancient city of Lato pros Kamara.

The Voulismeni Lake, the town’s jewel and one of the landmarks, is known for its many legends, according to one of Greek Mythology, Athena and Artemis are bathing in its waters. The sweetwater lake becomes one with the sea through a narrow canal and is surrounded by red rock formations and lush vegetation. Around the lake, there are several bars and restaurants making the place pretty animated at night.

The town has three faces to the sea: The Lake and port, Kitroplatia beach and the Marina. Its unique features, start with the lake (“Voulismeni”), a folklore-inspiringly deep body of water that is connected to the sea by a narrow inlet. It is surrounded and overlooked by cafes and restaurants – a busy gathering place for local residents and visitors alike.

As the lake joins the sea with a strip of water under the tiny road bridge and becomes one with it, the microscopic island of Agii Pandes (All Saints) is in view – adding another facet to the three sides of the town. Ferries come and go from the open port area just beyond.

Next, the beach at Kitroplatia is one of the few in Crete to provide that town-center-by-the-sea beach location, together with its own original restaurant and cafes and a handful of hotels and apartments.

There are shops with original items on offer, from woven fabrics to cups, mugs, and china wear and a miscellany of clothes, house decor, and local food products and delicacies. Agios Nikolaos – apart from being a summer draw for visitors – is for the most part open in winter. Yes, people live, love, and learn here, grow up, function, and work year-round.

Agios Nikolaos is equally magical at night. There are numerous bars, with a relaxed atmosphere and loud music, that attract the younger crowds. The town of Agios Nikolaos is a beautiful place with open-hearted people!

Just over an hour (64 km) from Heraklion airport or port by car or taxi. See flight information. There is a regular bus service from Heraklion (and to Ierapetra – Sitia). The bus station is off-center, near the hospital.

From May through mid-October there are direct charter flights to Heraklion and Sitia Airport.

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.