Apartment Hotel 395 sqm - Chalkidiki, GR

🏨 Apartment Hotel Building – Ierissos, Chalkidiki - Greece.

395 sq.m | 70m from the Sea | Operational, Needs Refresh

Location: Ierissos, Stagiron–Akanthou, Chalkidiki
Price: €900,000 (reduced from €950,000)
Price per sq.m: €2,278.48 / sq.m | Total Area: 395 sq.m

Year Built: 1992
Energy Class: D
Distance from Sea: ~70 meters

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🧱 Property Overview:

A small apartment-hotel style building located in Ierissos, approximately 70 meters from the sea. The property is currently configured as multiple apartments and studios and has been operated seasonally, with an existing exploitation contract for summer 2024.

The building is structurally functional and usable, but would benefit from refresh works, particularly:

• Interior design upgrade

• Modernization of finishes

• Optimization for short-term rental standards

This is a working asset, not a turnkey luxury product.

🏗️ Layout & Configuration:

The building is developed across three levels:

Semi-Basement

• 50 sq.m apartment

  • 2 bedrooms

  • Living room

  • Kitchen

  • Bathroom

  • Suitable for staff accommodation or long-term rental

• Storage room: approx. 60 sq.m

First & Second Floors

• Each level includes:

  • 1 two-bedroom apartment (living room, kitchen, bathroom)

  • 3 studio units

• All units have private balconies

Total:

• Spaces / Units: 9

• Internal Staircase: Yes

🌅 Exterior & Common Areas:

• Roof terrace with sea and mountain views

• Barbecue & pergola

• Open space suitable for guest use or common relaxation area

The terrace is a strong asset, though it would benefit from aesthetic and functional upgrading.

🛠️ Technical & Condition Notes:

• Condition: Good, but dated

• Heating / Cooling: Existing installations

• Brightness: Good natural light

• Warehouse / Storage: Yes

• Access: Street level

• View: Sea

This property is operational, but not optimized. A refresh focused on interior design, bathrooms, kitchens, and branding would materially improve returns if kept as short-term rentals.

🧭 Use Profile (Realistic):

Suitable for:

• Seasonal short-term rental operation (after refresh)

• Apart-hotel concept

• Mixed use (owner use + rentals)

• Long-term hold with gradual upgrade strategy

Not positioned as luxury in its current form—this is a value-add hospitality asset.

✔️ Why It Makes Sense:

• Walk-to-sea location

• Existing operational layout

• Multiple units under one title

• Clear upgrade path for yield improvement

• Price adjusted to reflect required work