17 Bed Hotel for sale
Rethymnon, Rethymnon, Crete, Greece
£2,357,255 *
[€2,700,000]
Full Description
Located in Adelianos Kampos, just 5 km from Rethymno city and only 150 meters from the sea, this mixed-use commercial property offers a unique investment opportunity in one of Crete’s most visited tourist areas.
This property combines stable rental income, an established hospitality business, and prime location in a high-demand tourist area. Ideal for investors seeking a turnkey opportunity with strong future development potential or entrepreneurs looking to expand into the tourism and hospitality sector.
Property Features:
- Total Land Area: 2.042 sqm
- Total Built Area: 1.642 sqm
- Additional Basement: 151 sqm
- Touristic Location: Within walking distance to the organized sandy beach, public transport (bus stop opposite) and all local amenities.
Current Use & Income Streams:
The property consists of three commercial shops on the ground floor and a fully operational 2-star hotel, offering diverse revenue streams:
Retail/Commercial Units:
- Shop 1: 195 sqm
- Shop 2: 330 sqm
- Shop 3: 207 sqm
All shops are currently rented, generating steady income.
Hotel Business:
Total Hotel Area: 910 sqm on 2 levels
- Ground Floor: 243 sqm – reception, cafe-bar/breakfast area, kitchen office, 2 WCs and storage
- First Floor: 667 sqm – accessible by stairs (space available for lift installation)
- Basement: 151 sqm - storage area and machine house
Units: 13 studios (35 sqm each) and 4 one-bedroom apartments (42 sqm each)
All units include private kitchenettes, bathrooms, balconies, air conditioning and soundproofing
Views of either the front garden or pool area
Outdoor Amenities:
- Approx. 400 sqm landscaped garden
- Swimming pool and children’s pool
- Pool bar and patio area with tables, chairs, loungers and umbrellas
Strategic Advantages:
- High Customer Traffic Area in an established tourist destination
- 150 m to the beach, 70 km from the nearest airport, excellent access to major attractions
- All necessary infrastructure and amenities in immediate proximity
- Ongoing, operational hotel business with annual renovations and consistent occupancy during tourist season
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