Investment Opportunity: Aparthotel in Kassiopi

Description

Property Overview:

Presenting a unique investment opportunity at the heart of Kassiopi, these apartments is perfectly positioned to attract both short-term and long-term guests. Just a brief one-minute walk from local shops and a mere five minutes from the beautiful beach, this property is a prime location for those seeking the charm and convenience of village life combined with seaside proximity.

The property includes seven self-contained apartments, two located on the ground floor and five on the first floor. Each apartment is equipped with a well-designed kitchen/living area that opens to a private balcony, enhancing both comfort and privacy for guests. All apartments feature modern amenities such as air conditioning and ceiling fans.

A popular addition to the establishment, the ground-floor bar/coffee shop contributes a steady stream of additional income and makes use of the charming courtyard garden in the rear for outdoor seating. The property offers a large basement primarily used for storage, yet it holds potential for transformation into a gym, TV or games room, or even owner accommodation.

The Aparthotel underwent comprehensive renovations in 2014, followed by upgrades in 2016/17 to meet full EU standards. Improvements include installation of new aluminium shutters, enhanced railings, solar water heaters, and modern air conditioning systems.

Investment Potential

With full licensing for 32 beds across eight self-catering apartments, this property provides substantial scope for income generation. Investors will find the potential for converting this facility into a boutique hotel particularly enticing, with governmental schemes and incentive programs potentially available to support renovations and upgrades.

Seize this opportunity to maximise your return on investment by revisiting the property layout and amenities. Inquire today to learn more about how we can assist in optimising this property to its fullest potential.

Main Features:

– 7 self-contained apartments
– Vibrant bar and coffee shop
– Central village location, close to amenities
– 521 m² built area, 515 m² land area
– Upgraded to align with EU specifications
– Potential for conversion to boutique hotel

Who are we?

Chase Real Estate Corfu is based on the Island of Corfu with a team of professionals dedicated to making buying a property as hassle free as possible. Our team will be with you every step of the way. Our buying service includes:

• Property sourcing
• Property viewings
• Property investment planning
• Assistance with negotiations and contracts
• Set up with lawyers
• Assistance with tax number & bank account set up
• Golden visa assistance