Hotel 340 sqm - Thessaloniki, GR

🏨 Apartment Hotel – Paralia Vrasnon, Agios Georgios | Thessaloniki, GR.

6 Apartments | Pool | 950 sq.m Plot | Value-Add Opportunity

Location: Paralia Vrasnon, Agios Georgios, Thessaloniki Prefecture - Greece.
Price: €550,000 (reduced from €620,000)
Price per sq.m: €1,617.65 / sq.m
Built Area: 340 sq.m | Plot Area: 950 sq.m

Year Built: 1997
Energy Class: G
Distance from Sea: ~440 meters

🧱 Property Overview:

A two-storey apartment hotel comprising 6 self-contained apartments, set on a 950 sq.m plot in Paralia Vrasnon (Vrasna Beach). The property has been operated as rental rooms/apartments and remains functional in its current configuration.

The asset is in good structural condition; however, a cosmetic refresh and interior update would materially improve competitiveness and yields if operated as short-term rentals.

🏗️ Layout & Units:

• Total Units: 6 apartments

  • 4 apartments: living room with kitchen, 2 bedrooms, bathroom

  • 2 apartments: living room with kitchen, 3 bedrooms, bathroom

• Levels: 2

• Orientation: East

• Floors: Tiled

• Window Frames: Aluminium

🌿 Outdoor & Common Areas:

• Central swimming pool

• Communal garden

• Open parking

• Open space with an open-horizon view

These common areas provide a solid base but would benefit from modernization and branding to align with current guest expectations.

📍 Location & Access:

• Sea: ~440 meters

• City (Thessaloniki): ~78 km

• Nearest Airport: Thessaloniki Airport (Makedonia) – ~85 km

• Access: Asphalt road

Paralia Vrasnon is a seasonal coastal market with steady summer demand and a family-oriented profile.

🧭 Use Profile (Realistic):

Suitable for:

• Seasonal short-term rentals (after refresh)

• Apart-hotel operation

• Mixed use (owner use + rentals)

• Value-add hospitality investment

This is not a turnkey luxury hotel; it is a workable base with clear upside through interior design, furnishing, and light capex.

✔️ Why This Makes Sense:

• Multiple units on a single title

• Pool + parking on a sizable plot

• Walkable distance to the beach

• Price adjusted to reflect improvement needs

• Clear path to yield uplift via refresh