Building 600 sqm with pool, sea view - Siteia
€750,000
Description
Corner building of 600 m² located in Siteia, just 44 meters from the sea. This property includes four apartments and a ground-floor retail space, offering excellent visibility in the city center. The building requires full renovation but presents exceptional potential for a hotel or residential project.
Features
Rental estimate
Estimated nightly rate
91 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
23,398 - 0 €
Estimated gross yield
Net after expenses & taxes: 2.4%*
* 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 1,250 EUR/m², attractive price for this prime seafront position. The multi-unit format with commercial space generates a median ADR of 189 EUR/night. Gross yield estimated at 3.7% with optimization potential after renovation.
Building 600 sqm with pool, sea view - Siteia
€750,000
6
bedrooms
1
bathroom
600
sqm