INVESTMENT OPPORTUNITY – SEMI-COMPLETED HOTEL COMPLEX IN IERAPETRA, CRETE

Description

Property Code: 1-158 - Hotel FOR SALE in Ierapetra Agiasmenos for € 800.000 . This 1042.00 sq. m. Hotel is on the Ground floor and features . The property also boasts unobstructed view, parking, facade length: 93 meters. The building was constructed in 1991 . Building Energy Rating: G Nearest metro station at 100000 meters.

A semi-completed hotel complex is offered for sale in a prime location in the wider area of Ierapetra, Crete. Nestled in a peaceful and privileged setting, the property combines privacy, natural beauty, and easy access to the stunning beaches of Southern Crete. The property is developed on a 12,200 sq.m. plot and comprises a total built area of 1,042 sq.m., consisting of three independent buildings: Building 1 Ground Floor: 191.80 sq.m.First Floor: 174.00 sq.m.Second Floor: 88.00 sq.m.Total: 453.80 sq.m.Building 2 Ground Floor: 176.68 sq.m.First Floor: 169.63 sq.m.Second Floor: 85.48 sq.m.Total: 431.79 sq.m.Building 3 Basement & Ground FloorTotal: 156.30 sq.m.A significant advantage of this investment is that the property has already been granted a Class B Hotel Development Permit, allowing the investor to complete and operate an organized hotel unit without the need for a new licensing process, thus saving considerable time and development costs. In addition, the complex features a semi-completed swimming pool of 130 sq.m., currently at reinforced concrete structure stage, as well as an underground water reservoir of 150 sq.m., adding substantial value and functionality to the future development. Strategic Location A short drive from the center of Ierapetra.Close to the beautiful beaches of Southern Crete and the Libyan Sea coastline.Approximately 1 hour and 15 minutes from the new Heraklion International Airport in Kastelli, one of Greece’s most important infrastructure projects, expected to significantly enhance tourism and accessibility across Crete.Ierapetra is considered one of the fastest-growing tourism destinations in Crete, experiencing steadily increasing visitor numbers, strong demand for quality accommodation, and excellent prospects for capital appreciation. The completion of the new international airport, together with ongoing tourism-related investments, is expected to further strengthen the area's development potential. The large land plot, approved hotel use, existing structures, swimming pool, water reservoir, strategic location, and tranquil surroundings make this property a rare investment opportunity for the development of a hotel, boutique resort, or modern tourist accommodation complex. Asking Price: €800,000 An exceptional investment opportunity with significant development potential and strong future returns in one of Crete’s most promising tourism destinations.