Outstanding property complex of 660 sq.m. for Sale, Monemvasia, Laconia

Outstanding real estate complex of 600 sq.m. for Sale, Monemvasia, Laconia

A complex of 885 sq.m. with amazing views consisting of 3 contiguous houses and a large shopping area. The property is located right on the beach in the beautiful tourist town of Monemvasia (A Castle Beyond Time). It is located 20 meters from the sea and 50 meters from the nearest swimming beach (Glyfada beach).

• The Castle of Monemvasia is in direct view and is located at a distance of 1.2 km.
• The shopping center is only 450 meters away.
• The port of Monemvasia is located at 1.8 km.
• Kalamata International Airport is 2 hours away by car.
• Athens International Airport is 4 hours away by car.

Advantages of Real Estate
• Ideal for renting the houses separately to large families / school teachers
• Ideal for business use (Airbnb)
• With adaptations, the property can be renovated into a 20-25 room Boutique Hotel including a breakfast room and swimming pool.
• The property can be further divided into 4 independent residences which can be sold separately.

The entire area, which consists of 3 consecutive houses and an internal commercial area, includes 600 sq.m. of built property with an additional 285 sq.m. landscape right in front of the sea.

PROPERTY 1: Ground floor house of 145 sq.m., consisting of 3 bedrooms, 2 bathrooms, kitchen and open plan living room. It has a large outdoor area with barred doors and is fully furnished.

PROPERTY 2: First floor house of 120 sq.m., consisting of 3 bedrooms, 3 bathrooms, kitchen with open plan dining area and living room. It has a narrow terrace overlooking the sea.

PROPERTY 3: Second floor dwelling of 140 sq.m., consisting of 4 bedrooms, 2 bathrooms, kitchen, open plan dining room, and living room with stone fireplace. It has a spacious terrace with a spectacular view of the coast of the Castle.

PROFESSIONAL SPACE: The complex also has a very large internal space of 195 sq.m. located on the first floor, offering the largest external front area for possible renovation (swimming pool, outdoor bar / cafe or even restaurant / playground). An ideal space for professional use (gum-playground-Hostel-Spa) as well as for possible renovation that can accommodate up to 4 separate studios.

Investment advantages:

Greece currently offers two (2) active investment grants for the period 2022-2023, which are:

1. Energy Upgrade 2022 from 50-85%
• Replacement of frames
• Installation/upgrade of thermal insulation and others.

2. Development Law 4887/2022
Strengthening Tourism Investments
Subsidized Expenses up to 70%
Almost all costs related to the construction/modernization/expansion of a facility.

Main characteristics:
• 10 bedrooms or more if rebuilt
• 7 bathrooms in all 3 houses
• 600 sq.m. living space in all 4 properties
• Amazing view
• Huge potential in the commercial rental market
• Close to basic amenities such as supermarkets and pharmacies
• Close to many great bars and restaurants
• Excellent base from which to discover other fantastic areas of Greece
• On the beach (opposite, at 20m)
• Beach for swimming at 50m
• Shopping center at 450m
• Breathtaking view
• Functional BBQ
• Fully air-conditioned
• Central heating
• Fully furnished
• Stone fireplace
• The prospective buyer investor should renovate the property according to the specific plans of use.

Property code: 683834

Xenofon Zades

📞 2110131911
📧 support.athens@zadeshome.com

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