Greek property - generating income

About this property

For sale a 115m² property in the historical town of Rethymno, arranged on three (3) levels, comprising a shop area at the street level, and a home on the other two floors - both currently rented out... The building for sale, especially the residence, is in need of modernization work, but one could start living in whilst refurbishing it. At the ground floor (45m²) is next to the shop, the entrance hall and bathroom of the home at the upper floors and the home consists of living area with air-condition installed, kitchen, small storage room and balcony, two (2) bedrooms with balcony, and laundry. Currently the shop is rented for 670 Euros per month and the home for 300 Euros.

The property for sale is located in a commercial site street in the centre of the town, close to all kind of amenities and within walking distance to the sandy beach. The town of Rethymno is located at the North-Coast of Crete and is a good place to discover the islands beauty and variety. The town still maintains its old aristocratic appearance, with its buildings dating from the 16th century, the small Venetian harbour and its narrow streets and on the other hand is getting cosmopolitan, with a lot of different kind of shops, restaurants, bars and offers everything one might need.

Features & amenities