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Sea front hotel next to beach, short walk to Agios Nikolaos
Agios Nikolaos, Greece
REF: 726749
€1,100,000
Description
Only 1 kilometer north of the tourist town of Agios Nikolaos on the way to Elounda, set in the coastal area of Havania and within a short walk to the sandy beach of Mirabello and Havania this is an apartment complex/hotel with a lot of potential. The complex comprises 20 apartments built οn two independent buildings, on a plot of 1250 square meters. There are few studios and some one-bedroom apartments, all with their private kitchen and bathroom. 10 of which have beautiful sea view balconies. The plot has a 13x7 swimming pool, 80 cm to 3 meters deep, a large Jacuzzi and parking for at least 4 vehicles. The building was built in 1980, a few renovations in 2018 but it still needs to be fully modernized. Within walking distance to the apartments are sandy beaches, a few taverns and bars, a scuba diving centre, tennis courts and other services and activities. A bus stop in front of the complex offers frequent bus service to the town of Agios Nikolaos and to the tourist resort of Elounda. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 45 mins away from the international airport of Heraklion.
Only 1 kilometer north of the tourist town of Agios Nikolaos on the way to Elounda, set in the coastal area of Havania and within a short walk to the sandy beach of Mirabello and Havania this is an apartment complex/hotel with a lot of potential. The complex comprises 20 apartments built οn two independent buildings, on a plot of 1250 square meters. There are few studios and some one-bedroom apartments, all with their private kitchen and bathroom. 10 of which have beautiful sea view balconies. The plot has a 13x7 swimming pool, 80 cm to 3 meters deep, a large Jacuzzi and parking for at least 4 vehicles. The building was built in 1980, a few renovations in 2018 but it still needs to be fully modernized. Within walking distance to the apartments are sandy beaches, a few taverns and bars, a scuba diving centre, tennis courts and other services and activities. A bus stop in front of the complex offers frequent bus service to the town of Agios Nikolaos and to the tourist resort of Elounda. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 45 mins away from the international airport of Heraklion.
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Currency Exchange
Agios Nikolaos, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £935,759 | £964,194 | £28,435 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £935,759 |
| Maximum cost in the last six months | £964,194 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,435 |
Agios Nikolaos, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £935,759 | £964,194 | £28,435 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £935,759 |
| Maximum cost in the last six months | £964,194 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,435 |
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 £28,435 more.
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