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8 apartments and a tavern for sale, in prestige location
Agios Nikolaos, Greece
REF: 807825
€970,000
Description
Located on the coastal road of Elounda, one of the best spots on the island for commercial properties. The property consists of two buildings on a plot of 423m2. The front building comprises: Restaurant/Café on the ground floor of 81m2. In front of the restaurant is an open air seating area of about 35m2. Above the restaurant are 3 apartments of 76m2 in total. Two of these apartments have stunning sea views. The building to the back comprises: 3 apartments on the ground floor of a total of 84m2. and two apartment on the top floor of a total of 53m2. Out of the 8 apartments, 5 have been fully restored and the other 3 need to be upgraded. If one desires, the restaurant (81m2) could be converted into another 2 ground floor apartments of about 40m2 each. Within a short walk to the property is the centre of Elounda with many shops and the main sandy beach of Elounda. There is a small pebble beach, right in front of the complex. The province capital, Agios Nikolaos is a 10 minute drive from here. The international airport of Heraklion is only a 40 minute drive from Elounda. Agios Nikolaos Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 40 mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round.
Located on the coastal road of Elounda, one of the best spots on the island for commercial properties. The property consists of two buildings on a plot of 423m2. The front building comprises: Restaurant/Café on the ground floor of 81m2. In front of the restaurant is an open air seating area of about 35m2. Above the restaurant are 3 apartments of 76m2 in total. Two of these apartments have stunning sea views. The building to the back comprises: 3 apartments on the ground floor of a total of 84m2. and two apartment on the top floor of a total of 53m2. Out of the 8 apartments, 5 have been fully restored and the other 3 need to be upgraded. If one desires, the restaurant (81m2) could be converted into another 2 ground floor apartments of about 40m2 each. Within a short walk to the property is the centre of Elounda with many shops and the main sandy beach of Elounda. There is a small pebble beach, right in front of the complex. The province capital, Agios Nikolaos is a 10 minute drive from here. The international airport of Heraklion is only a 40 minute drive from Elounda. Agios Nikolaos Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 40 mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round.
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Currency Exchange
Agios Nikolaos, 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 €970,000 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 |
|---|---|---|---|
| €970,000 | £799,183 | £833,667 | £34,484 |
| Property Price € | €970,000 |
| Minimum cost in the last six months | £799,183 |
| Maximum cost in the last six months | £833,667 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,484 |
Agios Nikolaos, 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 €970,000 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 |
|---|---|---|---|
| €970,000 | £799,183 | £833,667 | £34,484 |
| Property Price € | €970,000 |
| Minimum cost in the last six months | £799,183 |
| Maximum cost in the last six months | £833,667 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,484 |
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 £34,484 more.
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