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