Investment project in Splantzia for sale

Property type: Detached
ID: BH540
Year Built:1900
Land Area:93m²
Built Area:273m²
520,000€

Neighboring properties with a strong investment character are available for sale in the area of Splantzia, on the outskirts of the old town of Chania. They are 2 corner, three-storey buildings with access from two sidewalks. The properties have a total surface of 273.69sqm and need renovation.

The largest property has a total area of 186.57sqm. The ground floor has an independent entrance, is 61.88sqm and consists of 1 bedroom, living room, kitchen and bathroom. A separate staircase leads to the first and second floor apartments (60sqm and 64.69sqm respectively), as well as the terrace. Each apartment has 2 bedrooms, living room, kitchen and bathroom.

The second property has one, main entrance and a total surface of 87.12sqm. On the ground floor (31.80sqm) there is the kitchen and the bathroom, on the first floor (31.80sqm) an open space and on the second (23.52sqm) the laundry room and an extra room. Access to the terrace is provided by an iron external staircase.

The investment character of the property certainly arises from its location and is enhanced both by its total size and by the prospect of use of the roof, as it has views of the sea, the city and Neoria.

This is definitely a very attractive project that, when completed, will be able to secure a significant annual income combined with a very satisfactory return on investment.

Features

ViewSea|Mountain|City|

Location: Venetian Harbor

Points of Interest

City of Chania1,2km
Chania Airport14,2km
Souda Harbour (Chania)8,1km
Chania Hospital5,5km
Venetian Harbor395m

Settlements

Mournies5,5km
Agii Apostoloi5,8km
Pervolia5,9km
Daratsos6,1km
Nerokourou6,2km

Beaches

Koum Kapi1,3km
Nea Chora2,5km
Hrisi Akti4,7km
Agii Apostoli5,6km
Glaros5,9km

Cost and Taxes

Asking Price520,000€
Real Estate transfer tax16,068€
Value added tax-
Estimated total ammount for taxes16,068€
Estimated Realtor 's commission13,000€
Estimated Notary 's Fees5,115€
Estimated Attorney 's Fees (optional)7,800€
Total amount for fees (VAT is included)25,915€
Land Registry2,470€
Closing costs-
Total potential expenses2,470€
Estimated Total Buying Cost
564,453€

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Investment project in Splantzia | ID: BH540

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