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Hotel for sale in Euboea, Greece, 600 m²

Hotel for sale in Euboea, Greece, 600 m² - photo 1
Hotel for sale in Euboea, Greece, 600 m² - photo 2
Hotel for sale in Euboea, Greece, 600 m² - photo 3
Hotel for sale in Euboea, Greece, 600 m² - photo 4
Hotel for sale in Euboea, Greece, 600 m² - photo 5
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Hotel for sale in Euboea, Greece, 600 m² - photo 7
Hotel for sale in Euboea, Greece, 600 m² - photo 8
Hotel for sale in Euboea, Greece, 600 m² - photo 9
Hotel for sale in Euboea, Greece, 600 m² - photo 10
Hotel for sale in Euboea, Greece, 600 m² - photo 11
Hotel for sale in Euboea, Greece, 600 m² - photo 12
Hotel for sale in Euboea, Greece, 600 m² - photo 13
Hotel for sale in Euboea, Greece, 600 m² - photo 14
Price€950,000
TypeHotel
Year built1993
Covered area600 m²
Land area7800 m²
Beds40
Rooms10
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Description

The hotel is situated in the North of Evia, between the villages of Limni and Suplada. At the moment it functions as a tourist unit rental apartment with a capacity of 40 beds. It can be easily converted into a 6-8 townhouses with an area of about 80 m2 each. The complex consists of two sections. One section of 1300 m2 is located directly on the seafront and has a pool, bar, kitchen and restaurant. The second section is the living quarters. The territory is decorated with landscaped gardens and olive grove. The complex was completed in 1993 and underwent renovation in 2000. At the moment, is constantly maintained in good condition. Has a license from the Greek Tourist Organization. The hotel is equipped with Autonomous heating, Parking, air-conditioning, alarm, awnings, double glazed Windows, mosquito nets and solar water heater.

Extra Сosts when Buying Property

TRANSFER TAX3.09%
OTHER FEES
Land Registry Fees 0.5%
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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