Commercial Space for sale in Chania. ID 06-420

Chania, Greece

€1,600,000

Description

Commercial Space for sale in Chania. Excellent commercial space for sale in Chania, presenting a lucrative investment opportunity. This three-sided property, spread over two levels, offers a total floor area of 1,722 square meters. The ground floor encompasses 861 square meters, while the first floor matches it in size. Ideally located in a central area, this property boasts high visibility and foot traffic, making it an ideal choice for establishing a successful business. Currently, both parts of the property are already rented out, ensuring immediate revenue for the new owner. There are two separate rental contracts in place, one of which expires in 2028 and the other in 2029. The monthly rental price is €8,500, generating an annual income of €102,000, providing a solid 5% return on investment. This property presents an excellent opportunity for a smart and efficient investment move in one of the busiest streets of Chania. The property holds a strategic position in an area known for its commercial significance, with numerous businesses and shops attracting a large number of locals and tourists alike. Souda Avenue specifically is a bustling street, offering a vibrant mix of restaurants, retail establishments, and offices, making it a prime location for commercial ventures. With its central location and proximity to key amenities, Souda Avenue is an attractive area for businesses looking to flourish in Chania. Commercial Space for sale in Chania Location Information: Chania is considered to be the most poetic city of Crete; when you walk through it, it leaves you with a pleasant taste of beauty. Chania’s Venetian port, picturesque at any time and season, is attractive to visitors and locals for its beauty and for its choices of entertainment for all tastes and demands. The “Old Town” consists of the old Venetian harbor and the small Venetian blocks located behind the harbor; it is characterized by narrow and picturesque alleys – similar to an enchanting labyrinth – full of life, and the plentiful remaining Venetian and Turkish buildings. The Lighthouse, the Fortress of Firka, the Mosque of Kioutsouk Hasan, the Great Arsenali, and the Neoria have become landmarks of the city. Most of the buildings are rejuvenated and they compose a puzzle of contemporary, Venetian, and Turkish architecture; they are also a ‘living’ exhibition of the city’s history. Today they work as shops, taverns, cafes, and tourist accommodations. The most famous part of the Old Town is the lively round waterfront along the Venetian harbor, which is full of small hotels, cafes, restaurants, taverns, and bars. The Lighthouse at the end of the harbor is a landmark of Chania. You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying for and obtaining the Greek Golden Visa, as well as all its benefits.