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Code: 100-34841 - Price: €250,000Ano Gerakari, Zakynthos, Former Holiday Apartment Business, Renovation Opportunity

€250,000
£210,000
$280,000

Location: Zakynthos, Ionian Islands

Type: Hotel/Holiday Apartments

Apartment complex for sale in Alonia, Ano Gerakari, Zakynthos. Set on a 1,081.42 sq.m. plot, the property comprises 2 apartments and 4 studios, each with a balcony or terrace, plus parking and gardens. Previously used for holiday rentals, the property has been unused for approximately 3 years and now requires updating and refurbishment. Earlier improvements included complete rewiring, replacement windows and doors, and air-conditioning units. The photographs were taken when the property was operational and may not fully reflect its current condition. An attractive renovation and investment opportunity just 13 km from Zakynthos Town and 15 km from the airport

Code: 100-34841
Sale
Type: Hotel/Holiday Apartments
Plot size: 1081m²
Floor area: 220m²
Bedrooms: 6
Bathrooms: 6
Living Rooms: 2
Parking Spaces: 8

Air Conditioning
Balcony
Close to Beach
Detached
Parking
Re-Sale
Renovation
Veranda
Views

Located in Alonia, Ano Gerakari, on the main Zakynthos-Alykes road, this two-storey apartment complex offers investors an excellent opportunity to renovate and develop a tourism project in a convenient central location.

The property sits on a 1,081.42 sq.m. plot. It has a total floor area of 220.11 sq.m., comprising 2 two-room apartments and 4 studios arranged over two floors (1 apartment and 2 studios per floor), maximising rental potential by accommodating a wider range of guests, including couples, families and small groups. There is room for a swimming pool if desired.

Each apartment provides:

Private terrace or balcony
Living area
Kitchenette
Bathroom with shower
Air conditioning
Built-in wardrobe
Separate electric and water meters for each unit

Accomodation

2 self-contained two-room apartments and 4 studios

Ground and first-floor accommodation

Parking area

Garden grounds

Good road access

Condition

The property previously operated successfully as holiday accommodation but has been unused for approximately 3 years. As a result, it would benefit from updates, maintenance, and refurbishment before returning to commercial operation.

Previous renovation works included:

Complete electrical rewiring
Replacement windows and doors
Air-conditioning units throughout
New railings
Guttering
Built-in wardrobes
Chrome fittings

Location

Zakynthos Town: 13 km

Zakynthos International Airport: 15 km

Easy access to Alykes (2 km) and the surrounding villages

Important Note

The photographs used in this advertisement were taken when the property was fully operational. The apartments are currently not trading, and prospective purchasers should expect to undertake updating and improvement works.

Investment Potential

With six independent rental units on a large plot, the property offers an opportunity to create a holiday apartment business, long-term rental complex, or boutique accommodation project in one of Zakynthos' popular inland locations.

Asking Price: €250,000

Make an enquiry

Disclaimer
Code: 100-34841
Selling price is in Euro. Currency conversions are approximate and for illustration purposes only. The exchange rates are updated weekly.

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