Seafront hotel for sale in Crete

Seafront hotel for sale in Crete. Right on the beach in Sfakaki, Rethymno, in a field of 1009 m², this property is a unique chance for investment in Crete. It has 7 spacious double apartments and a large space on the basement. It is right on the sandy beach, next to the sea with a façade of 16.05m. This small hotel sits right on the beach and it was built in 1993. It has been closed for the past 3 years, thus needs some renovation but with just a little work, it will be back and running in no time. Laid in two levels, there are 7 spacious double apartments (40 m² each) with kitchenette, balconies and 1 apartment of 25 m² with a double bedroom, a kitchenette and a balcony. All the apartments offer stunning sea views. There is a separate building with a reception area. Under the reception there is a large basement (75 m² and a further 150 m² space that can be used for storage). In total, the land is 1009 m² and has an additional building allowance of 300 m² meaning that the hotel can be expanded. This is property is ideal for small investors who wish to start a family business.