A complex of two beautiful, country-style, independent stone houses (villas) on a shared plot of 600sqm

Vasilikos, Ionian Islands, Greece

For Sale

€720,000

REF: 646455 €720,000


4

3

600 m2

Description

A complex of two beautiful, country-style, independent stone houses (villas) on a shared plot of 600sqm; the Tower and the Country House. The residences are built entirely out of local stone and wood, giving a warm and homy feeling and each has a private pool. These properties were built in 2007 and are nestled in Vasilikos, probably the most beautiful part of Zakynthos, and are perfect if you want to generate rental income.

The Tower The Tower is a real eye-catcher: a 120 sqm tower house built on three levels. On the ground floor, there is an open plan, cosy living area with an adjoining fully equipped kitchen. On the first floor, there is a bedroom with a double bed, an ensuite bathroom and a private balcony with a great view to the sea and the hill of Vasilikos.

On the second floor there is a bedroom with two single beds and an ensuite bathroom. There are small windows all around the room, giving a 360-degree view on the hills and the sea. Outside, there is a patio in front of the entrance, and the front area is covered with stone. There is a small garden around the house and a secret corner for relaxation.

At the back of the house, there is a barbecue. The pool is L5m. x W3m. The house is fully equipped for the winter, as there is a heating system all around the house as well as two heating fireplaces, one on the ground floor and one on the 1st floor bedroom. The Country House The Country House is a 100 sqm residence build on two levels.

On the ground floor, there is an open plan, cosy living area with and adjoining fully equipped kitchen (gas operated). On the first floor, there are two bedrooms with double beds, a shared bathroom, and a balcony with a great sea view. Outside, there is a large patio in the front and the entire area is covered with stone.

At the side of the house, there is a barbecue and a wood-fired oven. The pool is L4m. x W2.5m. The house is fully equipped for the winter, as there is a heating system all around the house as well as two fireplaces, one on the ground floor and one on the 1st floor bedroom. The Storage Annex There is a 28 sqm building that currently is split in two separate spaces.

One space is used as storage and the other space hosts the sauna together with a bathroom. This building can be transformed to a small house, giving more additional living space to the property. The Business From 2022, the properties are being used as a rental business with an excellent occupancy rate, especially considering it's their 1st year of operation.

From start to finish, the bookings are managed directly by a professional company and the operational part (cleaning, maintenance, etc.) is outsourced to a very reliable third party. Owners are fully informed of management decisions and options every step of the way, allowing them to maximize the value of their investment hassle-free.

The new owner will acquire a set up and running business with very good prospects. An added value as the residence can pay for itself allowing owners to then enjoy the ultimate holiday destination year-round when they choose to and for as long as they like. The Location Vasilikos is probably the nicest area of the island.

Located on the south-eastern part of the island, a countryside full of pine forests, olive groves, mountains, and wildlife. The countryside is coupled with long, sandy beaches, including the Gerakas beach, where the National Marine Park of Zakynthos, the most important nesting beach for the sea turtle Caretta Caretta.

The properties are just 2 minutes walk from the village of Vasilikos, which is small and quiet. There are just a few small hotels and rented rooms. There is a variety of nice restaurants, tavernas and coffee shops/bars around, many of those in walking distance from the properties.
A complex of two beautiful, country-style, independent stone houses (villas) on a shared plot of 600sqm; the Tower and the Country House. The residences are built entirely out of local stone and wood, giving a warm and homy feeling and each has a private pool. These properties were built in 2007 and are nestled in Vasilikos, probably the most beautiful part of Zakynthos, and are perfect if you want to generate rental income.

The Tower The Tower is a real eye-catcher: a 120 sqm tower house built on three levels. On the ground floor, there is an open plan, cosy living area with an adjoining fully equipped kitchen. On the first floor, there is a bedroom with a double bed, an ensuite bathroom and a private balcony with a great view to the sea and the hill of Vasilikos.

On the second floor there is a bedroom with two single beds and an ensuite bathroom. There are small windows all around the room, giving a 360-degree view on the hills and the sea. Outside, there is a patio in front of the entrance, and the front area is covered with stone. There is a small garden around the house and a secret corner for relaxation.

At the back of the house, there is a barbecue. The pool is L5m. x W3m. The house is fully equipped for the winter, as there is a heating system all around the house as well as two heating fireplaces, one on the ground floor and one on the 1st floor bedroom. The Country House The Country House is a 100 sqm residence build on two levels.

On the ground floor, there is an open plan, cosy living area with and adjoining fully equipped kitchen (gas operated). On the first floor, there are two bedrooms with double beds, a shared bathroom, and a balcony with a great sea view. Outside, there is a large patio in the front and the entire area is covered with stone.

At the side of the house, there is a barbecue and a wood-fired oven. The pool is L4m. x W2.5m. The house is fully equipped for the winter, as there is a heating system all around the house as well as two fireplaces, one on the ground floor and one on the 1st floor bedroom. The Storage Annex There is a 28 sqm building that currently is split in two separate spaces.

One space is used as storage and the other space hosts the sauna together with a bathroom. This building can be transformed to a small house, giving more additional living space to the property. The Business From 2022, the properties are being used as a rental business with an excellent occupancy rate, especially considering it's their 1st year of operation.

From start to finish, the bookings are managed directly by a professional company and the operational part (cleaning, maintenance, etc.) is outsourced to a very reliable third party. Owners are fully informed of management decisions and options every step of the way, allowing them to maximize the value of their investment hassle-free.

The new owner will acquire a set up and running business with very good prospects. An added value as the residence can pay for itself allowing owners to then enjoy the ultimate holiday destination year-round when they choose to and for as long as they like. The Location Vasilikos is probably the nicest area of the island.

Located on the south-eastern part of the island, a countryside full of pine forests, olive groves, mountains, and wildlife. The countryside is coupled with long, sandy beaches, including the Gerakas beach, where the National Marine Park of Zakynthos, the most important nesting beach for the sea turtle Caretta Caretta.

The properties are just 2 minutes walk from the village of Vasilikos, which is small and quiet. There are just a few small hotels and rented rooms. There is a variety of nice restaurants, tavernas and coffee shops/bars around, many of those in walking distance from the properties.
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Property on Map

#127240

Currency Exchange

Vasilikos, Ionian Islands, Greece

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €720,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€720,000 £593,208 £618,804 £25,596
Property Price € €720,000
Minimum cost in the last six months £593,208
Maximum cost in the last six months £618,804
Fluctuating exchange rates over the last six months could have increased the cost of this property by £25,596

Vasilikos, Ionian Islands, Greece

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €720,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€720,000 £593,208 £618,804 £25,596
Property Price € €720,000
Minimum cost in the last six months £593,208
Maximum cost in the last six months £618,804
Fluctuating exchange rates over the last six months could have increased the cost of this property by £25,596

The exchange rate on the day you make an offer on your property in Greece will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £25,596 more.

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