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Renovated historic building in a tourist area on the island of Crete

Greece, Chania
ID GRC230940
Greece residence permit for purchasing real estate
Greece residence permit for purchasing real estate
Object sold
Renovated historic building in a tourist area on the island of Crete

167 m² • €3,293 m²

Greece, Chania
167 m²
3 beds
1 bathroom
ID GRC230940


Property cost €550,000
Price for m2 €3,293
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Sea 2km
Airport 14km
Infrastructure 200m

Yield and management

Yield 3—5%
Property management Yes


For sale is a renovated 4-storey building in the old town of Chania, located in the heart of the old Venetian quarter in the popular area of Mahairadika, on the island of Crete. The area of Mahairadika is known for its shops where traditional Cretan knives are made and sold. All amenities are within a few meters from the house, and the nearest sandy beach is only 2 km away. The building consists of 1 store with an area of 25 sqm on the ground floor and apartments of 142 sqm, located on 3 levels. This special house is an example of Ottoman architecture and has been completely renovated and designed for year-round living.

On the ground floor of the building is an open plan commercial property facing a very busy tourist road, so it can be easily rented out as a shop.

The main entrance to the house is located directly above the commercial property with a wooden staircase leading to the second floor, where there is a living room with a stone fireplace and a kitchen. On the third floor there are two spacious bedrooms and a bathroom. On the fourth floor there is a third bedroom with a terrace of 26 sqm, which overlooks the old town. The house has central oil heating and is ideal for both permanent living and tourism investment after the necessary changes.

This object is applicable for 250 000€ investment option.

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Real estate

Object type Retail
Object category Resale property
Object stage Ready
Permits On hand
Design features Ownership
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Total area 167 m²
Number of storeys 4
Bedrooms 3
Baths 1
Parking Yes
View city
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Central heating


Garden on the plot


Object sold

167 m² • €3,293 m²

Zlata Erlach investment
programs expert
Greece Golden Visa

Real estate is eligible to participate in the program and obtain a residence permit in Greece.

Immigrant Invest is the official representative of the program.

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