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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

Hotel for sale area of 5.847 sq.m in the prefecture of Rethymno. The hotel consists of 117 rooms, distributed in three three-story buildings. The hotel has a large plot of 8,972 sq.m. building A basement of boiler room and storage room. the first floor consists of the reception, lobby, office and auxiliary rooms, 6 studios and 1 double rooms. the second floor consists of 8 single and 1 double rooms. Third floor- 8 single and 1 double rooms. Total 25 rooms. building B basement of storage rooms, staff rooms, bathrooms. the first floor consists of the reception, the lobby with bar, restaurant, kitchen, two offices, male and female bathrooms and 18 rooms. the second floor consists of 5 single rooms, 14 double rooms and 8 triple rooms. Third floor- 1 single, 10 double and 8 triple rooms. Total 64 rooms. building D basement of storage rooms, staff rooms, bathrooms. the first floor consists of the reception, a bar with lobby, two offices, a restaurant, kitchen, male and female bathrooms and 6 double rooms. the second floor consists of 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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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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