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Hotel for sale in Adele, Chania, Greece, 5847 m²

Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 1
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 2
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 3
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 4
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 5
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 6
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 7
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 8
Hotel for sale in Adele, Chania, Greece, 5847 m² - photo 9
Price€9,000,000
TypeHotel
Covered area5847 m²
Land area8972 m²
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Environment

Hotel 5847 m² in Crete

Sale hotel area 5.847 m in the Prefecture of Rethymno. The hotel consists of 117 rooms distributed in three storey buildings. The hotel has a great plot 8.972 sq. m.

Building A

basement - boiler room and storerooms.

first floor - reception, lobby, office and auxiliary rooms, 6 studios and 1 double room.

second floor - 8 single rooms and 1 double room.

third floor - 8 single rooms and 1 double room.

A total of 25 rooms.

Building B

basement - storage rooms, staff rooms, toilets.

first floor - reception with lobby bar, restaurant, kitchen, two offices, male and female bathrooms and 18 rooms.

second floor 5 single rooms, 14 double and 8 triple rooms.

third floor - 1 single, 10 double and 8 triple rooms.

A total of 64 rooms.

Building G

basement - storage rooms, staff rooms, toilets.

first floor - reception, bar with lobby, two offices, restaurant, kitchen, women's and men's bathrooms and 6 double rooms.

second floor - 3 single rooms, 7 double rooms.

third floor - 3 single rooms, 7 double rooms.

A total of 28 rooms.

And also, there is a pool.

Extra Сosts when Buying Property

TRANSFER TAX
If the Building Licence was issued on or after 01/01/06 and the seller is a developer-contractor 24%
Otherwise 3.09%
OTHER FEES
Land Registry Fees 0.5% (+24% VAT)
Notary fees 1.5% (+24% VAT)

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Interest Rate
15 530 per month
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Ongoing Ownership Costs

Water supply €60-250 p.a.
Heating €0.104 KW/h
Electricity €0.07 KW/h
Gas €140-400 p.a.
Telephone and Internet €180-600 p.a.
Expenditure on common areas €200-400 p.a.
Income tax return from €50 p.a.
SINGLE REAL ESTATE PROPERTY TAX (PRINCIPLE
For buildings €2-13€/m2 p.a.
For plots of land in settlements 3-9€/1000 m2 p.a.
For plots of land outside settlements 1€/1000 m2 p.a.
REAL ESTATE PROPERTY TAX (ADDITIONAL)
Price from 200,000 0.1%
Price from 250,000 0.15%
Price 300,000-400,000 0.3%
And so on

Additional Services Costs

Legal fee 1.5% (+24% VAT)
Real Estate Agent Fee 2% (+24% VAT)

Return on Investment

Property Price
Rental Cost
0%
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