Cycladic style hotel of 13 apartments with pool, garden and cafe/bar

Hersonissos, Greece

For Sale

€1,950,000

REF: 797716 €1,950,000


13

14


750 m2

2800 m2

Description

Stunning whitewashed Cycladic style villa, currently operating as a successful boutique hotel, offering breathtaking coastal views due to its elevated location. The villa has a living permit , a unique opportunity to either live, work or combine both in the Mediterranean. The well-kept condition of the building makes it move-in ready.

The exceptional property has been built and reformed by its current owners to an extremely high standard, while still keeping an authentic Greek character. The villa boasts 13 apartments, including 2 Penthouse Suites, while the entire plot counts up to 2.800 m2 including a café, reception, pool and olive grove.

After working passionately for many years, it is now time for the owners to take a step back and look for a successor. Location On the island of Crete, the villa is located on a restful spot in the hillside village of Koutouloufari, overlooking the stunning Aegean Sea. Picturesque traditional villages Koutouloufari, Piscopiano and Old Hersonissos, all within walking distance, are packed with friendly small tavernas and cafés.

With the airport on 25km distance and only 1km from the sea, it makes for an ideal location if you want a calm home base with plenty of entertainment nearby. Or if you want to explore the island the central location makes for a perfect starting point. The business The successful hotel business, which is still running, has an exceptional reputation, attracts a wide variety of international guests and is published in reputable magazines and books.

The business operates with high room rates and has a high occupancy. The setting and size of the hotel makes it ideal for weddings, yoga retreats and other special family or business events. The building The very first stone was set in 1980, though the villa was built in different phases and continually renovated even recently in 2023.

Everything has been done with love, care and craftsmanship using high quality materials. This reflects on the well-kept condition of the building and makes it move-in ready. The apartments The two-story whitewashed Cycladic style building boasts 13 spacious apartments, including 2 superb Penthouse suites, with a stunning view of the sea, the bay and the mountains.

All apartments are stylishly designed and have comfortable built-in beds, a spacious living room with a handy kitchenette. A freshly renovated bathroom with a large walk-in shower and either a balcony or terrace with views over the sea, the bay, the luscious garden or the mountains. Think of original terracotta and deco cire floors, fresh white washed walls, island style wooden furniture, handcrafted lace curtains and many more details that add to the character of the villa.

Café, Pool, Garden & more The heart of the villa is the sparkling tiled pool (5x10m) that works on an eco-saltwater system. The pool is surrounded by big wooden pergolas that offer the right amount of shade for the deckchair area. The stylish café in kafenion style offers a relaxed and comfortable sitting area.

The bright and airy space, shared with a handy reception, features high wooden ceilings, original terracotta floors and traditional wooden doors and windows. These doors open out to a delightful terrace overlooking the pool and where you can enjoy the spectacular view of the coast. The villa is set in a walled serene mature garden planted with precious, big palm trees, lemon and orange trees, lavender, bougainvillea, jasmine, cacti, herbs and much more.

In addition, the rustic olive grove in the back of the villa, provides yearly about 100 litres of organic extra virgin olive oil for you or your guests! All apartments are equipped with A/C and solar energy is used to heat up the water. There is a useful laundry room for housekeeping and a white wooden garden shed for tools and storage.
Stunning whitewashed Cycladic style villa, currently operating as a successful boutique hotel, offering breathtaking coastal views due to its elevated location. The villa has a living permit , a unique opportunity to either live, work or combine both in the Mediterranean. The well-kept condition of the building makes it move-in ready.

The exceptional property has been built and reformed by its current owners to an extremely high standard, while still keeping an authentic Greek character. The villa boasts 13 apartments, including 2 Penthouse Suites, while the entire plot counts up to 2.800 m2 including a café, reception, pool and olive grove.

After working passionately for many years, it is now time for the owners to take a step back and look for a successor. Location On the island of Crete, the villa is located on a restful spot in the hillside village of Koutouloufari, overlooking the stunning Aegean Sea. Picturesque traditional villages Koutouloufari, Piscopiano and Old Hersonissos, all within walking distance, are packed with friendly small tavernas and cafés.

With the airport on 25km distance and only 1km from the sea, it makes for an ideal location if you want a calm home base with plenty of entertainment nearby. Or if you want to explore the island the central location makes for a perfect starting point. The business The successful hotel business, which is still running, has an exceptional reputation, attracts a wide variety of international guests and is published in reputable magazines and books.

The business operates with high room rates and has a high occupancy. The setting and size of the hotel makes it ideal for weddings, yoga retreats and other special family or business events. The building The very first stone was set in 1980, though the villa was built in different phases and continually renovated even recently in 2023.

Everything has been done with love, care and craftsmanship using high quality materials. This reflects on the well-kept condition of the building and makes it move-in ready. The apartments The two-story whitewashed Cycladic style building boasts 13 spacious apartments, including 2 superb Penthouse suites, with a stunning view of the sea, the bay and the mountains.

All apartments are stylishly designed and have comfortable built-in beds, a spacious living room with a handy kitchenette. A freshly renovated bathroom with a large walk-in shower and either a balcony or terrace with views over the sea, the bay, the luscious garden or the mountains. Think of original terracotta and deco cire floors, fresh white washed walls, island style wooden furniture, handcrafted lace curtains and many more details that add to the character of the villa.

Café, Pool, Garden & more The heart of the villa is the sparkling tiled pool (5x10m) that works on an eco-saltwater system. The pool is surrounded by big wooden pergolas that offer the right amount of shade for the deckchair area. The stylish café in kafenion style offers a relaxed and comfortable sitting area.

The bright and airy space, shared with a handy reception, features high wooden ceilings, original terracotta floors and traditional wooden doors and windows. These doors open out to a delightful terrace overlooking the pool and where you can enjoy the spectacular view of the coast. The villa is set in a walled serene mature garden planted with precious, big palm trees, lemon and orange trees, lavender, bougainvillea, jasmine, cacti, herbs and much more.

In addition, the rustic olive grove in the back of the villa, provides yearly about 100 litres of organic extra virgin olive oil for you or your guests! All apartments are equipped with A/C and solar energy is used to heat up the water. There is a useful laundry room for housekeeping and a white wooden garden shed for tools and storage.
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Currency Exchange

Hersonissos, 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 €1,950,000 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
€1,950,000 £1,658,846 £1,707,089 £48,243
Property Price € €1,950,000
Minimum cost in the last six months £1,658,846
Maximum cost in the last six months £1,707,089
Fluctuating exchange rates over the last six months could have increased the cost of this property by £48,243

Hersonissos, 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 €1,950,000 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
€1,950,000 £1,658,846 £1,707,089 £48,243
Property Price € €1,950,000
Minimum cost in the last six months £1,658,846
Maximum cost in the last six months £1,707,089
Fluctuating exchange rates over the last six months could have increased the cost of this property by £48,243

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 £48,243 more.

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