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Centrally located hotel with sea views in Agios Nikolaos
Agios Nikolaos, Greece
REF: 995910
€1,500,000
Description
An excellent investment opportunity in the heart of Agios Nikolaos this spacious hotel of 1,285 sq.m. is just a short walk from the beach and offers sea views from the top two floors. Spread across multiple levels, the property features 26 rooms in total, all with private bathrooms, and is in need of some renovation, allowing the buyer to restore and modernize it to their own vision, to create a boutique hotel or stylish guest accommodation in one of Crete s most popular coastal towns. Property Layout: Basement: Kitchen/food preparation area, plus day-use toilets and bathrooms. Ground Floor: Reception area, large dining hall, and 5 guest rooms, each with its own bathroom. First Floor: 10 rooms with en-suite bathrooms, 5 of which boast sea views. Second Floor: Another 10 en-suite rooms, with 5 rooms enjoying sea views. Third Floor: A single en-suite room located at the top of the stairwell. Key Features: Prime central location in Agios Nikolaos, close to shops, cafes, and amenities Only minutes from the beach ideal for holidaymakers Sea views from 10 rooms across the upper floors Total of 26 rooms, all with private bathrooms Large dining and reception areas ready to be updated Opportunity to renovate and add value With its unbeatable location and generous size, this hotel offers a solid foundation for a successful tourism venture in Crete. Whether restored as a traditional hotel or reimagined as a modern retreat, it has all the essentials in place to become a standout destination.
An excellent investment opportunity in the heart of Agios Nikolaos this spacious hotel of 1,285 sq.m. is just a short walk from the beach and offers sea views from the top two floors. Spread across multiple levels, the property features 26 rooms in total, all with private bathrooms, and is in need of some renovation, allowing the buyer to restore and modernize it to their own vision, to create a boutique hotel or stylish guest accommodation in one of Crete s most popular coastal towns. Property Layout: Basement: Kitchen/food preparation area, plus day-use toilets and bathrooms. Ground Floor: Reception area, large dining hall, and 5 guest rooms, each with its own bathroom. First Floor: 10 rooms with en-suite bathrooms, 5 of which boast sea views. Second Floor: Another 10 en-suite rooms, with 5 rooms enjoying sea views. Third Floor: A single en-suite room located at the top of the stairwell. Key Features: Prime central location in Agios Nikolaos, close to shops, cafes, and amenities Only minutes from the beach ideal for holidaymakers Sea views from 10 rooms across the upper floors Total of 26 rooms, all with private bathrooms Large dining and reception areas ready to be updated Opportunity to renovate and add value With its unbeatable location and generous size, this hotel offers a solid foundation for a successful tourism venture in Crete. Whether restored as a traditional hotel or reimagined as a modern retreat, it has all the essentials in place to become a standout destination.
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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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,238,175 | £1,302,135 | £63,960 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,238,175 |
| Maximum cost in the last six months | £1,302,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,960 |
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,238,175 | £1,302,135 | £63,960 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,238,175 |
| Maximum cost in the last six months | £1,302,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,960 |
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 £63,960 more.
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