Hotel on the picturesque island
€1,400,000+
180 m²Greece Golden Visa
€250,000+4+ monthsThe property is eligible for the Golden Visa.
Immigrant Invest helps select real estate and get a Greece residence permit.
Learn moreCost
Property cost
€1,400,000+
Distances
Yield and management
Yield
18.1%
Property management
Yes
Description
The object is located on the Greek island of Mykonos, southeast of the city center. Nearby are situated the main attractions of the city - the Windmills, built in 17th century and preserved to this day. They are located on a hill next to the sea between Alefkandra and Niochori and are the most interesting tourist spots on the island. For sale is offered a two-story hotel with an underground floor with a living area of 180 sq.m. on a picturesque island, located next to the sights that are actively visited by tourists, which allows to receive a high rental income (18.1%).
This object is adjacent to the sea, built on several levels, from the windows you can enjoy a magnificent scenery. The area of the underground floor is 21 sq. m., zero - 17, the first - 118 and the second - 25. The building is currently used as a hotel hostel, with a capacity of 7 double rooms (with the possibility of using two of seven as triple rooms) on all levels of the building. This property needs renovation.
The object is applicable for 800 000€ investment option (new requirements).
Real estate
Object type
Object category
Secondary
Object stage
Ready
Permits
Yes
Design features
Ownership
Characteristics
Total area
180 m²
Plot area
200 m²
Number of storeys
2
Parking
No
Renovation
Standard
Furniture
Partially furnished
View
Sea, City, Plot, Road