Building for sale in Rethymno

Location — Rethymno city center
Total apartment area — 398 sq.m.
Enclosed covered parking — 17.04 sq.m.
Year of construction — 1979–1981
Most recent renovation — 2023
Description — Total number of apartments — 4
Ground-floor apartment — 86 sq.m.
First-floor apartment — 133 sq.m.
Second-floor apartment — 114 sq.m.
Third-floor apartment — 65 sq.m.
The property is situated in a highly desirable location in the heart of Rethymno and represents an attractive investment opportunity in one of the city’s most central and commercially active areas. Its location provides immediate access to shops, public and private services, restaurants, cafés, public transport and the main points of interest in Rethymno, making the property suitable for both private use and long-term investment purposes. The property is a four-storey building consisting of a ground floor and three upper floors, with one independent dual-aspect apartment on each level. The apartments have a total area of 398 sq.m. The layout includes an 86 sq.m. apartment on the ground floor, a 133 sq.m. apartment on the first floor, a 114 sq.m. apartment on the second floor and a 65 sq.m. apartment on the third floor. In addition, the ground floor includes an enclosed and covered parking space measuring 17.04 sq.m. The building was constructed between 1979 and 1981, while its most recent renovation was completed in 2023. The apartments feature autonomous heating, energy-efficient aluminium window frames and an individual solar water heater for each unit. The building does not have an levator. The ground-floor, second-floor and third-floor apartments are currently rented under long-term lease agreements, providing the new owner with immediate and stable rental income. The three active leases, combined with the central location and the possibility of using each floor independently, make the property particularly suitable for investors seeking an income-generating asset with further development potential. The property belongs to a single owner and has clear title deeds, facilitating a traightforward transfer process. This is a rare opportunity to acquire an entire building in the centre of Rethymno, comprising four independent apartments, private covered parking and significant income-generating potential.
COMFORTS
• Autonomous heating
• Energy-efficient aluminium window frames
• Solar water heater in every apartment
• Dual-aspect apartments
• Enclosed covered parking
• Most recent renovation completed in 2023
• Three apartments rented under long-term leases
SURROUNDINGS

• Outdoor lighting
• Garden
• Balconies
• Verandas
• Rethymno city centre
• Close to restaurants, cafés and retail establishments