Building 400 sqm with pool, 313 m from the sea - Siteia
€600,000
Description
Character building of 400 m² located in the heart of Siteia, just 313 meters from the sea. This traditional stone property features 9 fully furnished and equipped apartments spread across 2 levels with city views. Authentic Greek architecture perfectly preserved in one of the economic centers of the Lassithi region.
Features
Rental estimate
Estimated nightly rate
77 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
19,799 - 0 €
Estimated gross yield
Net after expenses & taxes: 2.5%*
* Gross yield = annual rental income ÷ purchase price. Net yield deducts running costs (maintenance, insurance, ENFIA) and Greek income tax on rental revenue. Estimates based on local market data, results not guaranteed.
The Kairos take
Our unfiltered, on-the-ground analysis
At 1500 EUR/m², attractive pricing for an income-generating building in central Siteia. The 9 furnished apartments generate a median ADR of 160 EUR/night with an estimated gross yield of 3.9%. Prime location 10 minutes walk from the beach in this dynamic port town.
Building 400 sqm with pool, 313 m from the sea - Siteia
€600,000
5
bedrooms
1
bathroom
400
sqm