Investment Residential Complex Opposite Ikos Dassia, Corfu – €420,000

Price: €420,000 | Total Property: Approx. 192m² | 4 Studios | 1 One-Bedroom Apartment | 1 Commercial Unit | 2 Levels | 4 Parking Spaces | Balconies & Terraces | Built in 1980 | Renovation Required | Opposite Ikos Dassia

Chase Real Estate Corfu is pleased to present this investment property in a highly prominent position in Dassia, directly opposite the Ikos Dassia resort. Offered at €420,000, the property extends to approximately 192m² and comprises multiple residential units together with a commercial space facing the main road.

Built in 1980 and requiring renovation, the property provides considerable flexibility for a new owner looking to create rental accommodation, staff housing, commercial premises or a combination of residential and business uses in one of Central Corfu's established tourism areas.

The Property

The complex is arranged over two levels and currently comprises four studios, one one-bedroom apartment and one commercial unit.

The existing configuration provides a useful starting point for redevelopment, with the possibility of modernising the individual units while retaining a mix of residential and commercial accommodation.

The property is being sold exclusively as a single complex and is not available for purchase as separate individual units.

Ground Floor

The ground floor comprises three independent studios measuring approximately 36m², 36m² and 25m².

There is also an approximately 25m² commercial unit with frontage directly onto the main road, providing a particularly visible position for potential business use.

The combination of accommodation and commercial frontage gives the ground floor flexibility for a future owner considering different rental or operational models.

First Floor

The first floor provides an approximately 50m² one-bedroom apartment, together with an additional studio measuring approximately 20m².

The upper level also benefits from balconies and terraces, providing valuable exterior space for the residential accommodation.

Parking and Outdoor Areas

The property includes four private parking spaces, an important practical feature given its central Dassia location.

Balconies and spacious terraces provide additional outdoor areas, while straightforward access from the main road makes the property convenient for residents, guests, staff or commercial users.

Renovation and Development Potential

The complex requires renovation, creating an opportunity for a purchaser to redesign and modernise the accommodation according to their intended use.

Following renovation, the existing configuration could potentially operate as a modern complex of rental apartments or tourism accommodation. Other possibilities include staff accommodation for nearby hospitality businesses, longer-term residential rentals or a combination of residential units and commercial premises.

Any changes of use, reconfiguration or tourism operation would remain subject to the appropriate technical, planning, licensing and regulatory requirements.

The Location

One of the property's strongest characteristics is its location directly opposite Ikos Dassia in the popular resort area of Dassia.

The position provides convenient access to the beach, tourism businesses, restaurants, shops, public transport and everyday services, while Corfu Town and other parts of Central Corfu are easily accessible by road.

The immediate surrounding area has a strong tourism and hospitality presence, which could make the property particularly relevant for accommodation or commercial uses connected to the local tourism sector.

Investment Potential

Offered through Chase Real Estate Corfu at €420,000, the property provides an interesting opportunity to acquire an entire multi-unit building in a highly visible location opposite one of Corfu's major luxury resorts.

Its existing combination of four studios, a one-bedroom apartment and a road-facing commercial unit provides several potential income streams following renovation. The four parking spaces, terraces and main-road access further strengthen its practicality for future use.

For an investor prepared to undertake renovation, the property offers the opportunity to reposition an existing 192m² complex for modern residential, tourism, staff accommodation or commercial use.

Key Features

This investment complex in Dassia is offered at €420,000 and provides approximately 192m² of accommodation and commercial space across two levels. Built in 1980, the property currently comprises four studios measuring approximately 36m², 36m², 25m² and 20m², an approximately 50m² one-bedroom apartment and an approximately 25m² commercial unit with frontage onto the main road. Additional features include balconies, spacious terraces, four private parking spaces and easy road access. Positioned directly opposite Ikos Dassia and close to the beach, tourism businesses and everyday amenities, the property requires renovation but offers considerable potential for rental accommodation, staff housing, tourism use, commercial premises or a combination of uses, subject to the appropriate approvals. The property is offered for sale only as one complete complex and not as individual units.