Crete Hotel Property for sale

Hotel business for sale with guaranteed rental income through contract with a Scandinavian tour operator for the years 2008 - 2009 and 2010. The Hotel for sale is located at the sandy beach, in ideal location, 8km from the town of Chania... The hotel of furnished apartments for sale operates since 2007 and already then with previous mentioned contract, generating an annual income of 150.000 Euros for the seasons, which last from 15th May until 10th October. Through the sun bed rental another 10.000 Euros and through the bar business 45.000 Euros are earned during the season, whilst the annual expenses are approx. 50.000 Euros. The five year old 2* Apartment Hotel on 1.600m² own land, is 1.400m², with in total 61 beds and constituted by luxurious furnished apartments with a capacity of 2-5 individuals and all fitted with kitchenette, bathroom, satellite television, music and air conditioning. At a glance:

• 2 Three-Bed Studios
• 25 Five-Bed Double rooms and
• 5 Lower ground floor rooms
• Reception area
• Swimming pool of 120m²
• Pool bar on the beach
• Underground car parking

Located in a popular beach resort with the long sandy beaches and crystal clear waters. The village is located on the northwest coast of Crete, just 9km from Chania Town. Local amenities; supermarkets, bakery, butchers, craft shops, doctors, post office, taverns, cafeterias, bars, bus stop, taxis etc. are just a 5 minute walk away.