Investment Building with 12 Rooms and Renovated Apartment in Ipsos, Corfu – €635,000

Price: €635,000 | Building: Approx. 376m² | Plot: Approx. 440m² | 12 Rooms | 2 Upper Floors of Approx. 150m² Each | Renovated Ground-Floor Apartment: Approx. 76m² | Walking Distance to Ipsos Beach

Chase Real Estate Corfu is pleased to present this substantial investment property in Ipsos, one of Corfu's most established coastal destinations. Offered at €635,000, the building provides approximately 376m² of accommodation on a plot of approximately 440m² and comprises two upper floors containing a total of 12 rooms, together with a renovated ground-floor apartment of approximately 76m². Within walking distance of Ipsos Beach, restaurants, shops and local amenities, the property presents an interesting opportunity for renovation and future income generation.

The Building

The property provides approximately 376m² of total building space arranged across three principal levels.

The two upper floors extend to approximately 150m² each and contain six rooms per floor, providing a total of 12 rooms.

The ground floor incorporates an approximately 76m² renovated apartment, providing accommodation that is already in improved condition while the upper levels await renovation.

This combination gives a future owner the opportunity to retain the existing ground-floor residence while progressively redeveloping the upper floors.

The Upper Floors

Each of the two upper floors provides approximately 150m² of space and currently contains six individual rooms.

Across both levels, the building therefore offers 12 rooms in total.

The upper floors require renovation, creating an opportunity for the purchaser to redesign and modernise the accommodation according to their intended use.

Depending on the final design and the necessary technical and legal approvals, the existing layout could potentially be adapted for holiday accommodation, long-term rental use, staff housing or another suitable residential configuration.

The repetitive room arrangement across the two floors also provides a useful starting point for a structured redevelopment project.

Renovated Ground-Floor Apartment

At ground level, the property benefits from an approximately 76m² apartment which has already been renovated.

This provides a valuable contrast to the upper floors and could potentially be used independently from the remainder of the building.

For an investor carrying out the renovation in stages, the completed ground-floor accommodation may also provide useful flexibility while works are undertaken elsewhere in the property.

The Plot

The building occupies a plot of approximately 440m².

The combination of approximately 376m² of existing building space and a manageable plot makes the property particularly suited to an investor whose principal focus is on maximising the potential of the existing structure rather than maintaining extensive surrounding land.

Its established building footprint and multi-level configuration provide substantial existing accommodation within a relatively compact site.

Renovation and Development Potential

The principal opportunity lies in the renovation and repositioning of the 12 rooms across the two upper floors.

A purchaser could explore different configurations depending on their intended business model and investment strategy.

Potential uses could include holiday accommodation, longer-term residential rentals or accommodation for seasonal staff, all subject to the necessary technical requirements, planning regulations and licensing.

Any proposed reconfiguration, subdivision or change of use should be reviewed by the purchaser's appointed engineer and lawyer before works commence.

The existing renovated ground-floor apartment provides an additional element of flexibility and could potentially operate separately from the accommodation above.

The Location

Ipsos is one of Corfu's best-known coastal areas and benefits from a long beachfront together with a broad selection of restaurants, cafés, shops, supermarkets and other everyday amenities.

The property is within walking distance of Ipsos Beach and the surrounding commercial and leisure facilities, an important advantage for a property intended for accommodation use.

The area attracts both visitors and longer-term residents, while its position on the eastern side of Corfu provides convenient road connections towards Dassia, Barbati, Gouvia and Corfu Town.

For an investment building, the ability for future occupants to reach the beach, restaurants and everyday amenities without depending entirely on a car is a particularly useful characteristic.

Investment Potential

Offered through Chase Real Estate Corfu at €635,000, this property represents an opportunity to acquire an existing multi-level building with significant accommodation capacity in a popular coastal location.

The approximately 300m² across the two upper floors provides 12 existing rooms requiring renovation, while the approximately 76m² renovated ground-floor apartment adds immediately usable accommodation.

The property's location within walking distance of Ipsos Beach creates several possible strategies for a future investor, from holiday accommodation to longer-term rental or staff housing.

The final configuration and commercial use will depend on the purchaser's objectives and should be developed in consultation with the appropriate legal, engineering and licensing professionals.

Key Features

This investment property in Ipsos is offered at €635,000 and provides approximately 376m² of existing building space on a plot of approximately 440m². The building comprises two upper floors of approximately 150m² each, with six rooms on each level and 12 rooms in total, together with a renovated ground-floor apartment of approximately 76m². The upper floors require renovation and provide considerable potential for redevelopment into holiday accommodation, long-term rental units, staff housing or another suitable configuration, subject to the necessary approvals. Within walking distance of Ipsos Beach, restaurants, shops and local amenities, the property combines a substantial existing building with a highly convenient coastal location and is offered through Chase Real Estate Corfu.