This is a renovated building for sale in the old town of Chania Crete, located in the heart of the old Venetian district in the sought after area of 'Machairadika', on the island of Crete

Chania, Crete, Greece

For Sale

€550,000

REF: 699566 €550,000


3

1

167 m2

Description

This is a renovated building for sale in the old town of Chania Crete, located in the heart of the old Venetian district in the sought after area of 'Machairadika', on the island of Crete. It is a 4-storey building, consisting of 1 shop of 25sqms on the ground floor and a house of 142sqms, on 3 levels.

The specific house is a sample of the Ottoman architecture and it has been fully renovated as a residence for all year round living.On the ground floor of the building there is an open-plan commercial property of approximately 23sqms, facing a very busy and touristic road and therefore it can be easily rented as a store.The main entrance of the house, is set just above the commercial property and opens onto a wooden staircase that leads to the first floor, where the living room and the kitchen can be found.

The living room is very spacious including an impressive stone fireplace. The wooden staircase continues up to the second floor, where two spacious bedrooms and the bathroom are placed. On the top floor there is a third bedroom with a terrace of 26sqms, which offers views across the old city.The property has got central oil heating and it is ideal either for a permanent residence or an investment in tourism after the necessary alterations.The area of Machairadika is well-known for its knives shops, where the traditional Cretan knives are being manufactured and sold.

All kind of amenities are a few meters away from the property and the nearest sandy beach is just 2 kms away.Area Description------------Chania CentreChania, Crete is very popular for its old town and harbour, which is the heart of the area attracting visitors from all over the world. It is considered to be one of the most beautiful and picturesque cities of Greece due to the fact that it has preserved its historical character.

The architecture reflects the different cultures and civilizations that lived on the island such as Venetians, Turks and Egyptians. The narrow alleys are surrounded by Venetian mansions and Turkish houses, villas and palazzos, mosques, small churches and a beautiful restored synagogue. Many of these buildings are being used as residences hotels or museums and others as shops, stores, cafes and restaurants.

Chania is one of the nicest towns in Crete, with wonderful houses, parks and squares and a well-designed historical town. The Public Market is an impressive building in the town centre, built at the beginning of the present century (1911) and houses grocery stores, butchers' shops, a fish market and vegetable shops.

The Public Gardens, next to the Market, are ideal for those in search of shade and tranquillity. Northeast of the gardens is the beautiful neighbourhood of Chalepa, where the residences of Prince George and Eleftherios Venizelos were. The old city has preserved to a great extent the distinctive atmosphere and charm of the Venetian and Turkish periods.

Entire Venetian, Turkish and Jewish quarters are saved, with well-preserved buildings in the narrow picturesque streets. All modern shops and amenities are within a 10 minute walk from the Venetian harbour as is the sandy beach of Nea Chora.
This is a renovated building for sale in the old town of Chania Crete, located in the heart of the old Venetian district in the sought after area of 'Machairadika', on the island of Crete. It is a 4-storey building, consisting of 1 shop of 25sqms on the ground floor and a house of 142sqms, on 3 levels.

The specific house is a sample of the Ottoman architecture and it has been fully renovated as a residence for all year round living.On the ground floor of the building there is an open-plan commercial property of approximately 23sqms, facing a very busy and touristic road and therefore it can be easily rented as a store.The main entrance of the house, is set just above the commercial property and opens onto a wooden staircase that leads to the first floor, where the living room and the kitchen can be found.

The living room is very spacious including an impressive stone fireplace. The wooden staircase continues up to the second floor, where two spacious bedrooms and the bathroom are placed. On the top floor there is a third bedroom with a terrace of 26sqms, which offers views across the old city.The property has got central oil heating and it is ideal either for a permanent residence or an investment in tourism after the necessary alterations.The area of Machairadika is well-known for its knives shops, where the traditional Cretan knives are being manufactured and sold.

All kind of amenities are a few meters away from the property and the nearest sandy beach is just 2 kms away.Area Description------------Chania CentreChania, Crete is very popular for its old town and harbour, which is the heart of the area attracting visitors from all over the world. It is considered to be one of the most beautiful and picturesque cities of Greece due to the fact that it has preserved its historical character.

The architecture reflects the different cultures and civilizations that lived on the island such as Venetians, Turks and Egyptians. The narrow alleys are surrounded by Venetian mansions and Turkish houses, villas and palazzos, mosques, small churches and a beautiful restored synagogue. Many of these buildings are being used as residences hotels or museums and others as shops, stores, cafes and restaurants.

Chania is one of the nicest towns in Crete, with wonderful houses, parks and squares and a well-designed historical town. The Public Market is an impressive building in the town centre, built at the beginning of the present century (1911) and houses grocery stores, butchers' shops, a fish market and vegetable shops.

The Public Gardens, next to the Market, are ideal for those in search of shade and tranquillity. Northeast of the gardens is the beautiful neighbourhood of Chalepa, where the residences of Prince George and Eleftherios Venizelos were. The old city has preserved to a great extent the distinctive atmosphere and charm of the Venetian and Turkish periods.

Entire Venetian, Turkish and Jewish quarters are saved, with well-preserved buildings in the narrow picturesque streets. All modern shops and amenities are within a 10 minute walk from the Venetian harbour as is the sandy beach of Nea Chora.
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Property on Map

#18373-EUCH111

Currency Exchange

Chania, Crete, Greece

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €550,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€550,000 £467,880 £481,487 £13,607
Property Price € €550,000
Minimum cost in the last six months £467,880
Maximum cost in the last six months £481,487
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,607

Chania, Crete, Greece

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €550,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€550,000 £467,880 £481,487 £13,607
Property Price € €550,000
Minimum cost in the last six months £467,880
Maximum cost in the last six months £481,487
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,607

The exchange rate on the day you make an offer on your property in Greece will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £13,607 more.

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