This large coastal property for sale, with uninterrupted sea views for renovation in Crete was built in the early 1980s and consists of an apartment of 142m2 on the second floor and a terrace of the same size, directly on top, which also houses a building of about 30m2.
The plot is approximately 135 m2 in total, leaving a shared garden of about 200m2.
There are lovely, uninterrupted views from the balcony and large terrace of the sea and the mountains beyond. The coast is about 80m away and the closest sandy beach is 100m away – only a 1-minute walk away!
The location is ideal as it is also close to numerous restaurants, bars, and coffee shops, and only a 5-minute drive or 10-15 minute stroll to the center of Agios Nikolaos.
The property was once rented to holidaymakers and consists of about 6 studios, each with a bathroom. So, it could be kept as is and refurbished (and rented out) or completely renovated into a large apartment, with a terrace guest house.
Although the property needs extensive renovation – wall and roof repairs, insulation, new windows and doors, new bathrooms, kitchen, plumbing and electrical updates etc. it is an excellent investment opportunity in a prime location with high value.
