14-Apartment traditional Hotel in the heart of Agios Nikolaos

For Sale €1,500,000 - Businesses, Hotels
HTAGN33 817 m2 15 Bedrooms 17 Bathrooms Year completed: 1983 Plot size: 225 m2Energy Rating: Z (estimated) Freehold sale - title deeds available

Located just 80 meters from the nearest beach and a short stroll from the vibrant center of Agios Nikolaos, this charming hotel presents an exceptional investment opportunity on the beautiful island of Crete.

Built in 1983 and maintained by the same owner since, the property underwent a renovation in 2018. Constructed in authentic Cretan architectural style, the hotel offers a warm and welcoming ambiance across its 6 levels and 817 sq.meters of interior space.

Key Features:

  • 14 spacious, fully-furnished apartments, each of approx. 45 sq.m., accommodating up to 4 guests

  • Balconies on all apartments with views to the town or sea and marina

  • Total land size: 225 sq.m. (177 sq.m. covered)

  • Six floors: basement, ground floor, and 1st through 4th floors

  • Basement: main warehouse, boiler and lift engine rooms

  • Ground floor: reception area, guest lounge/bar, public WC, one guest room with accessible WC

  • 1st floor: office, linen wardrobe, 2 apartments

  • 2nd–4th floors: 4 apartments and linen storage on each level

Comforts and Amenities:

  • Elevator access to all floors

  • Central heating and air conditioning in all apartments

  • Solar water heating system, boilers, and water tanks

  • Aluminium double-glazed windows and doors throughout

  • Small garden at the back with outdoor shower

  • Parking space for 2 vehicles

  • Flat roof suitable for conversion into a roof terrace with panoramic sea views

Ideal for both seasonal and year-round operation, this hotel blends traditional character with modern comfort, offering guests a relaxing Cretan experience and providing the new owner with a ready-to-run hospitality business in a prime location.

  • Measurements and distances are approximate and intended as a guide only.
  • The price does not include buyer's purchase expenses (purchase tax, legal/administrative costs and real estate agent fee).
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