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Lesbos
€250,000

Hot Property!

The Smaller Islands / Mainland, North Aegean Islands, Lesbos

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Reduced from 330,000 Euros. 100m from the beach. 3 storey building on the island of Lesbos/Lesvos near the town of Plomari in the tourist area of Agios Isidoros. For many years this property operated as serviced apartments and consists of 10 x twin rooms (5 on each floor) and 2 x double room apartments (top floor). This is an ideal property to convert and operate as a B and B or the 3 floors could be separated and converted into 3 individual apartments.

Lesbos/Lesvos is the 3rd largest island of Greece. It offers a traditional Greek laid back style of living. The island boasts natural mineral springs and the “petrified forest of Lesbos” is a protected natural monument making the entire island a Geopark and an ideal holiday destination.


The property is located in the village of Agios Isidoros, only 2kms from the town of Plomari in the southern- most part of the island of Lesbos/Lesvos. This picturesque, seaside summer resort is only a few minutes’ walk to a pebble beach which is one of the longest on the island and once voted the 7th best beach by the Greek Tourist Office (EOT). This natural beauty along with the plush green mountains and stunning crystal clear water of the Aegean Sea attracts tourists every summer.


Plomari is renowned for the best ouzo in Greece which can be sampled at the many seaside tavernas and traditional kafenions. The neighbouring seaside resort is Ammoudeli (west of Plomari) and a further 6kms away, one can reach Melinta, a 700m sand and shingle beach at the mouth of a canyon packed with olive groves.


At present the building offers:


10 x furnished twin rooms (5 on each floor)


2 x furnished double room apartments on the top floor.


All rooms have air conditioning, small private bathrooms and kitchenettes.


First floor is approx. 136sqm and the 2nd and 3rd floors are approx. 114sqm each.


Each level has different types of flooring consisting of marble, timber and porcelain tiles.


There is a small and larger courtyard and 2 separate entrances.


The main balconies have Greek-style columns and the rest have polished timber railings. 9 of the 14 balconies overlook the sea and mountains.


The house has solar-powered water heating system and includes a 10,000 litre in ground water tank and a medium sized entertaining outdoor area.

For the past 5 years the property has been used as a residential home only but prior to that the owners had a contract for the guaranteed rental for 8 rooms per summer season and also long term tenants leasing the 2 double room apartments. Prior to that, when the building operated as fully serviced apartments with Swedish/Danish tour operators, the property would average 8% return.

As the property stands now, it is a "blank canvas" - there are many options - split it into 3 levels and lease each level as long term lease or Airbnb or leave it as it is and operate it as serviced apartments again or, with minor modifications, operate as a Bed and Breakfast etc.

3 storey building currently offering 12 rooms with bathrooms/kitchenettes just 100m from the beach but with options to convert making it an ideal investment opportunity on the island of Lesbos/Lesvos.



12   
Lesbos
North Aegean Islands
County: The Smaller Islands / Mainland
Sale Type: For Sale
Ref #: LESEM

Location


The map shows the general region of the property and not the exact location.