George Varaklas Real Estate
For sale investment building with a total surface of 1,063 sq.m., located on a 314 sq.m. plot, in the center of Heraklion, Crete. The property is developed over 4 levels (Ground Floor, 1st, 2nd and 3rd floor) and represents an excellent investment opportunity with strong yield, in one of the most central areas of the city.
The building consists of:
Ground floor retail store leased to a commercial chain
11 studio apartments (open-plan and one-bedroom layouts)
3 two-room apartments
2 three-room apartments
All units of the building are fully leased, including the retail store and all residential units, offering stable income and very attractive investment returns.
The property was originally built in 1968 and fully renovated in 2010. It is maintained in very good condition and is ideal for investors seeking an income-producing property.
Features include aluminum window frames, tiled flooring, independent electric heating, and air conditioning. The property is painted, furnished, frontage-facing and located on a main avenue, with urban views.
Its location is particularly advantageous, within close proximity to public transportation, squares, supermarkets, shopping areas, the port, the city center, and the sea, making it highly suitable for student housing or long-term residential investment.
Price: €1,300,000
George Varaklas Real Estate
Phone: +30 6942456670
Email: info@gvaraklas.gr
Website: www.gvaraklas.gr
- ID
- 2286391
- Area
- 1,063 m²
- Price
- 1,300,000 ( 200,000 € on 27/03/2026)
- Price per m²
- € 1,223
- Neighborhood
- Therissos (Heraklion Cretes)
- Zone
- Residential zone
- Floor
- Ground floor
- Construction year
- 1968
- Heating System
- Individual Heating (Current)
- Energy class
-
F
- Levels
- 4
- Status
- Painted, Furnished
- Type
- Suitable for commercial use, Student home
Features
- View
- Air condition
- Frames Type: Aluminum
- Facade
- Floors Type: Ceramic floor tiles