10 Bed Commercial for sale
Agios Nikolaos, Lasithi, Crete, Greece
£2,619,172 *
[€3,000,000]
Full Description
This is a rare opportunity to acquire a fully renovated hotel in the heart of Agios Nikolaos, one of Crete’s most popular and picturesque coastal towns. Ideally positioned just a short walk from both the beach and the lively town center, this property offers breathtaking full sea views, excellent commercial potential, and modern accommodations ready for immediate operation.
The hotel occupies a 750-square-meter building constructed on a 327-square-meter plot. It was originally built in 1990 and underwent a full renovation in 2024, ensuring it meets today’s design and comfort standards. On the ground floor, the property includes two fully equipped commercial spaces—one currently operating as a restaurant and the other as a cafeteria—making it ideal for mixed-use income generation.
The upper floors feature ten fully furnished apartments, nine of which are 40 square meters and one that is 25 square meters. Each apartment is thoughtfully designed and includes a kitchenette fitted with a refrigerator, air conditioning, and a private balcony with unobstructed sea views. The layout allows for ten beds and a total of twelve bathrooms, creating flexibility for short- or long-term guest stays.
Agios Nikolaos, located on the serene Mirabello Bay in northeastern Crete, is known for its mild climate, clear waters, and sophisticated charm. It is a destination that attracts visitors year-round, with its blend of modern amenities and traditional Greek lifestyle. The town features banks, supermarkets, luxury boutiques, a modern hospital, a cinema, a theatre, a yacht marina, tennis courts, gyms, a golf course, and excellent educational facilities, making it a complete and highly desirable location for residents and visitors alike.
The town’s geographic position also offers protection from strong winds, ensuring ideal conditions for swimming and water sports throughout most of the year. With its consistent tourism, high demand for quality accommodations, and central location, this hotel is a turnkey investment opportunity with substantial income potential and long-term value.
For investors or operators seeking a premium hospitality asset in one of Crete’s most vibrant coastal towns, this property represents a perfect balance of location, design, and functionality..
Key Features:
Central Location – Just a short walk to the beach and town square
Full Sea View from all apartments and balconies
Total Building Size: 750 m² on a 327 m² plot
Renovated: Fully updated in 2024
Built: 1990
2 Commercial Shops on the ground floor (restaurant + cafeteria)
Accommodation Overview:
10 Furnished Apartments
9 Apartments of 40 m²
1 Apartment of 25 m²
Total Bathrooms: 12
Total Beds: 10
All units include:
Kitchenette with refrigerator
Air conditioning
Furnishings
Private balconies with sea views
Commercial Potential:
Ground floor includes:
A fully equipped restaurant
A cafeteria or retail space
High foot traffic due to central location
About Agios Nikolaos:
Capital of Lasithi Prefecture, northeast Crete
Located on Mirabello Bay
Only 45 minutes from Heraklion International Airport
Safe harbour, yacht marina, beaches, and excellent weather
Year-round destination with mild winters and dry summers
Popular among tourists and luxury hotel brands
Why This Property Stands Out:
Turnkey hotel operation or investment
Ideal for short-term rentals or boutique hospitality
Excellent ROI potential from both accommodation and retail
A rare opportunity in the heart of one of Crete’s most desirable towns
22VIII2025
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