Description
Discover an exceptional opportunity in the heart of Chania’s Old Town: a three-story heritage building spanning 365.00 sq.m. This historic property, full of character, awaits a renovation to restore its former glory.
Perfect for those with a vision, it offers endless potential to create a unique residence or investment in one of Crete’s most iconic locations.
Chania Old Town: Premier Heritage Residence for Sale
This three-story heritage building, located in the heart of Chania’s Old Town, offers 365 sq.m. of authentic Cretan architecture waiting to be revived. With its traditional stone walls, original woodwork, and historic charm, this property presents a rare opportunity for those looking to invest in one of Crete’s most sought-after areas.
Currently, in need of renovation, the building is a blank canvas with immense potential. Whether you’re looking to create a luxurious private residence, boutique hotel, or upscale apartments, this property offers unparalleled flexibility to realize your vision.
Investment in Chania’s Old Town is particularly appealing due to the scarcity of such properties on the market. The area is a UNESCO World Heritage Site candidate, drawing visitors from around the globe who are eager to experience its unique blend of history, culture, and stunning Mediterranean scenery. This makes it a prime location for both residential and commercial ventures, with high potential for substantial returns.
In a market where heritage properties are increasingly rare, this is a unique opportunity to own a piece of Chania’s history and transform it into a prestigious address in the heart of the city.
Interested? Here are the next steps to get more information and to proceed with our automated deal flow.
1. Request More Information.
Request more information about the property such as its exact location, size, and orientation or request access to the building plan, topographic survey, cross-section plan, etc.
2. Sign a Property Viewing Agreement.
Fill in and sign a Property Viewing Agreement to gain access to all the requested information and to proceed with scheduling a property viewing on-site.
3. Proceed with Your Purchase
If this property suits your needs and budget, you can proceed with the purchase. A Purchase Agreement also allows investors and buyers to customize the interior and exterior design and ancillary infrastructure to their preferences.
Exclusive Heritage Residence for Sale in Chania’s Old Town – Documentation
| Ownership Title - Deeds | |
|---|---|
| Building Plans | |
| Energy Performance Certificate | |
| Videos & More Photos Available | |
| Property Valuation Report |
| Available | |
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| Under Issuance Proceedings | |
| Not Available |
Property Documentation Availability
Our properties for sale have been thoroughly checked for compliance with our stringent listing policy. This means that all required documents are readily available, ensuring a smooth decision-making process.
We are prepared to assist any third party with the necessary checks, facilitating and accelerating the real estate transaction for a seamless experience.
Property Viewing Agreement & GDPR Notice
To share with you the above documents, you must request and sign an official Property Viewing Agreement.
We may process your data based on your consent, for the performance of a contract or as necessary for our legitimate interests, including for responding to your property enquiries following your preferences as further described herein (Art. 6 (1) (a), (b) and (f) GDPR).
Heritage Residence for Sale in Chania’s Old Town: Highlights
- Prime Location: Situated in the heart of Chania’s Old Town, a highly sought-after and historic area.
- Three-Story Layout: Spanning 365 sq.m. across three floors, offering ample space for various development possibilities.
- Heritage Charm: Features original stone walls and woodwork, preserving the authentic Cretan architectural style.
- Renovation Potential: Ideal for those looking to restore a historic property and customize it to their vision.
- Flexible Use: Suitable for a private residence, boutique hotel, or upscale apartments, offering versatility in design and function.
- Investment Potential: The strategic location and versatile development options make this plot a highly attractive investment opportunity.
- Unique Market Offering: Rare availability of such a property in the market, enhancing its exclusivity.
- Orientation: North-West
- Sides on the road: 1
Location Description
The property is nestled in the heart of Chania’s Old Town, one of Crete’s most historic and picturesque neighbourhoods. Renowned for its narrow, winding streets, Venetian architecture, and vibrant atmosphere, this area offers a unique blend of cultural heritage and modern amenities.
Just steps away from the iconic Venetian Harbor, with its charming cafes, restaurants, and boutiques, the location provides an authentic Cretan experience. The surrounding area is rich in history, with ancient landmarks, museums, and traditional markets, all within walking distance.
Despite its central location, the property offers a sense of tranquility, tucked away in a quiet, residential corner of the Old Town. The nearby waterfront, bustling with life and activity, is a constant reminder of Chania’s maritime past and present.
With easy access to the city center and major transportation routes, including Chania International Airport, this location is not only ideal for those looking to immerse themselves in the local culture but also offers convenience for modern living. Whether you seek the charm of a historic neighbourhood or the vibrancy of a lively city, this property’s location offers the best of both worlds.
Learn more about Chania Old Town by exploring our Living In Chania & Akrotiri Guide.
Heritage Residence for Sale in Chania’s Old Town: Real Estate Investments in Chania City
Investing in real estate in Chania Old Town presents a highly attractive opportunity, offering both immediate returns and long-term growth potential. Chania has seen a consistent rise in property values over the past few years, driven by its increasing popularity as a top tourist destination and the overall economic growth of Crete.
Here are some key factors contributing to the strong return on investment (ROI) in Nea Chora, Chania:
- High Demand for Rentals: Chania’s Old Town is a prime destination for tourists and expatriates alike, driving strong demand for rental properties year-round. The area’s rich history, cultural attractions, and close proximity to the sea make it a sought-after location for both short-term vacation rentals and long-term leases..
- Growing Popularity: As Chania continues to gain international recognition, the demand for property in this area is on the rise. This growing popularity drives property appreciation, offering excellent capital gains for investors.
- Year-Round Appeal: Unlike many other Mediterranean destinations, Chania’s mild climate and diverse attractions make it a year-round destination. This factor contributes to consistent rental income throughout the year, rather than being limited to the peak summer season.
- Sustainable Development: The region’s focus on sustainable and environmentally friendly developments, such as properties equipped with solar panels and energy-efficient systems, adds value to real estate investments. These features appeal to the growing market of eco-conscious buyers and renters.
- Local Amenities and Infrastructure: Chania City is well-serviced by local amenities, including supermarkets, schools, healthcare facilities, and public transport. The continuous improvement of infrastructure in the area enhances the quality of life for residents and increases the desirability of properties.
Investing in a property in Chania, is not just about acquiring a beautiful home in a stunning location; it’s also a strategic financial decision. Whether you’re looking to capitalize on the lucrative short-term rental market or seeking long-term capital appreciation, this property offers a promising investment opportunity.
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Key Distances & Property Features
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| Closest Beach: 2.2 km | Chania Airport: 14.0 km | Chania Old Town: – km |
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| Souda Port: 7.0 km | National Road: 3.0 km | Local Amenities: 0.1 km |
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| Restaurant: 0.1 km | Sea Views: No | Outdoor Activities: Yes |
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| Utilities Installed: Yes | Fuel Station: 4.0 km | Private Garden: No |
Local Attractions & Activities
Restaurants, Playgrounds, Churches, Winery Tours, Water Sports, Swimming, Surf, Kite Surf, Yacht Charter, Safari Tours, Fishing, Sailing, Mountain Biking, Dive, Wind Surfing, Daily Cruise, Sailing, Extreme Sports, Diving Centers.
Local Services & Amenities
Chania City Bus Service, Airport & Port Bus Service.
Property Buyers Expenses
| TYPE | COST |
|---|---|
| Notary Fees (all notary expenses included) | 1 - 1,5% (plus VAT) of property value |
| Transfer Tax | 3% of property value |
| Municipal Tax | 3% of the Transfer Tax |
| Land Registry Fee | 0,5% |
| Cadastre Fee | 0,65% (plus VAT) of property value |
| Legal & Technical Due Diligence | Expenses vary according to the complexity of the research and the value of the property |
| Technical Due Diligence | Varies in respect to the property aspects |
Median Sale Price: 500 k
Return on Investment: High
Properties in Chania Old Town often yield an annual rental return of approximately 7% to 10%. This is driven by the area’s high demand for both short-term vacation rentals and long-term leases. Given the unique historical charm and prime location of this property, it stands to benefit from the increased desirability, potentially achieving returns on the higher end of this range.
*Median price and number of sales data refer to properties of similar size and type in the area sold by ARENCORES and other real estate offices of trust.
For more detailed information about Akrotiri property asking prices, real estate market facts and statistics you can visit My Place in Chania or Datanalytika.
Striving for Something Higher
Dive into Greek Real Estate Data Sources and Research (REDS), an encompassing resource delving into the intricate nuances of Greek Property Law, Property Ownership, Real Estate Rights, and the Hellenic Cadastre registration process.
This comprehensive guide not only elucidates these fundamental concepts but also addresses crucial gaps in understanding associated liabilities for buyers, sellers, and real estate investors, offering insightful paradigms and invaluable tips.
Details
Updated on August 29, 2024 at 9:33 am- Property ID: OM0043
- Property Size: 365.00 sq.m.
- Bedrooms: 8
- Property Type: Chania Selected Properties for Sale, Other Properties
- Property Status: For Sale
Additional details
- High Return of Invesment Potential: Yes
- Low Noise Traffic Location: Yes
- Orientation: North-West
- Size: 365.00 sq.m.
- Views: City Views
Address
Open on Google Maps- Address Chania Old Town
- City Chania Old Town
- State/county Chania
- Zip/Postal Code 73134
- Area Chania
Floor Plans
- Size: 687 kb
Description:
To access the Building plans or any other information available in the property's folder, please request and sign a Property Viewing Agreement. Additionally, you will need to provide a copy of your valid ID or passport. This ensures that all necessary protocols are followed and that the property information is shared securely and responsibly.
Energy Class
- Energetic class: A
- Global Energy Performance Index:
- A+
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| Energy class AA
- B
- C
- D
- E
- F
- G
- H
Overview
- OM0043
- Chania Selected Properties for Sale, Other Properties
- 8
- 365.00
