5-Apartment Complex with Large Pool and Expansion Potential Near Sidari, North Corfu – €430,000

Price: €430,000 | Property: Approx. 180m² | Plot: Approx. 1,500m² | 5 Self-Contained Apartments | 7 Bedrooms/Studios | 130m² Swimming Pool | Additional Development Potential | Established Holiday Rental Use

Chase Real Estate Corfu is pleased to present this well-maintained apartment complex in Peroulades, close to Sidari in North Corfu. Set on approximately 1,500m² of landscaped grounds, the property provides approximately 180m² of existing accommodation divided into five self-contained apartments, comprising two two-bedroom apartments and three studio apartments. A particularly impressive 130m² swimming pool forms the centrepiece of the outdoor areas, while the property also benefits from extensive gardens, ample parking and potential for further construction at the rear of the plot. Previously operated successfully on the holiday rental market until 2024, the complex is offered at €430,000 as an attractive tourism investment, development opportunity or potential large private residence.

The Property

The existing building extends to approximately 180m² and is currently configured as five independent accommodation units.

Two of the apartments provide two bedrooms each, together with their own kitchens and bathrooms, making them particularly suitable for families and larger groups.

The remaining three units are studio apartments, providing more compact accommodation suitable for couples or individual guests.

This combination of larger and smaller units creates useful flexibility for holiday rental operation, allowing the property to accommodate different types and sizes of bookings.

Alternatively, a future owner could explore reconfiguring the existing accommodation into a larger private residence, subject to the necessary technical and planning requirements.

Existing Accommodation

The property has been maintained in good overall condition and benefits from several practical upgrades.

New air-conditioning units have been installed throughout, while solar-powered water heating provides a more efficient solution for the property's hot-water requirements.

There are also useful utility and storage areas supporting the operation of the complex.

While the property is functional in its existing condition, some cosmetic modernisation could further improve the presentation of the apartments and outdoor areas. This provides a future owner with the opportunity to update the accommodation according to their preferred style without undertaking a complete structural renovation.

Swimming Pool and Gardens

One of the property's most significant features is the exceptionally large swimming pool, extending to approximately 130m².

The pool forms a natural focal point for the complex and is surrounded by generous outdoor areas suitable for sun loungers, relaxation and communal guest use.

The overall plot extends to approximately 1,500m² and includes established landscaped grounds together with ample parking.

For a holiday accommodation business, the combination of a large swimming pool, gardens and private parking provides many of the principal exterior facilities expected by guests visiting Corfu during the summer season.

The quieter setting outside the centre of Sidari also allows visitors to enjoy greater privacy while remaining close to beaches, restaurants and amenities.

Expansion Potential

Another important characteristic of the property is its potential for further development.

According to the information provided, there is an existing permit allowing additional construction towards the rear of the plot, creating an opportunity to increase the accommodation or introduce an additional unit.

For an investment buyer, this could provide a route to increasing the property's overall capacity and potential income once developed.

The exact remaining construction rights, permit status and specifications of any proposed additional development should be independently confirmed by the purchaser's engineer as part of the technical due diligence process.

The combination of an established five-unit complex and additional development potential provides considerably more flexibility than a completed property with no remaining expansion options.

The Location

The complex is situated in Peroulades, close to Sidari on the north-western side of Corfu.

The location provides convenient access to several of the area's best-known beaches and tourist destinations while maintaining a quieter setting away from the busiest parts of the resorts.

Logas Beach and the famous Canal d'Amour are approximately 1.5km away, placing two of North Corfu's most recognisable coastal attractions within very easy reach.

Agios Stefanos Avlioton can be reached in approximately five minutes by car, while the sandy beach and village of Arillas are approximately ten minutes away.

Nearby Sidari provides a broad selection of restaurants, cafés, bars, supermarkets, shops and tourist amenities, making the property well positioned for holiday rental use.

Investment Potential

Offered through Chase Real Estate Corfu, this property is particularly suited to buyers seeking an established tourism asset with multiple possibilities for future use.

The complex was successfully operated on the holiday rental market until 2024, when operations were paused due to the owner's personal circumstances.

A future purchaser could potentially restart the existing accommodation business following any desired cosmetic improvements, while the five-unit configuration provides immediate flexibility across different guest types.

Alternatively, the property could potentially be reconfigured into a substantial private villa, or the existing development could be expanded using the additional construction potential at the rear of the land.

With paperwork stated to be in order, the property provides an opportunity to acquire an existing accommodation complex rather than starting a tourism development entirely from the beginning. All legal documentation, licensing and additional building rights should nevertheless be independently verified during due diligence.

Key Features

This investment property in Peroulades near Sidari is offered at €430,000 and comprises approximately 180m² of existing accommodation on a landscaped plot of approximately 1,500m². The complex contains five self-contained units, including two two-bedroom apartments with kitchens and bathrooms and three studio apartments, together with utility and storage areas. Outside, the property features an impressive 130m² swimming pool, landscaped gardens and ample private parking. Additional features include new air-conditioning units throughout and solar-powered water heating. The property was successfully operated for holiday rentals until 2024 and, according to the information provided, also benefits from a permit for additional construction at the rear of the plot. Approximately 1.5km from Logas Beach and Canal d'Amour and within easy driving distance of Sidari, Agios Stefanos and Arillas, the complex offers strong potential as a holiday rental business, development project or substantial private residence through Chase Real Estate Corfu.