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Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m²

Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 1
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 2
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 3
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 4
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 5
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 6
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 7
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 8
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 9
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 10
Hotel for sale in Epano Elounta, Lasithi, Greece, 650 m² - photo 11
Price€1,300,000
TypeHotel
Year built1979
Covered area650 m²
Land area1100 m²
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Environment

Sale - Hotel 650 m² in Crete

For sale a hotel of 650 sq.m, built on a land plot of 1100 sq.m, it accommodates 9 rooms, 6 of them are maisonettes (kitchen with living room, and a shower WC) and 3 Studios (kitchen with living room, and a shower WC). All rooms feature air conditioner,and kitchen equippment. The ground floor consists of guest rooms, and a commercial property which functions as a mini-market. The hotel also accommodates a small tavern, fully equipped,and a parking. The hotel was built in the year of 1979 and worked successfully for many years, until the year 2014. At the moment the hotel closed.

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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