Prime Seafront Investment Property in Hersonissos, Crete

Fully Renovated Building | Commercial Store & 3 Luxury Apartments | Established Rental Income | Attractive ROI

An exceptional opportunity to acquire a fully renovated, income-generating property in the heart of Hersonissos, one of Crete's most popular and commercially vibrant tourist destinations.

Located just 7 metres from the sea, this four-level, 200 m² building occupies a prime position along one of the busiest commercial streets in Hersonissos. Surrounded by restaurants, cafés, shops and entertainment venues, the property benefits from exceptional visibility and hundreds of pedestrians passing through the area every hour during the peak tourist season.

Property Layout & Features

Ground Floor: Commercial Retail Space

The ground floor accommodates an established souvenir shop, currently leased on a year-round basis, generating stable rental income throughout all twelve months of the year.

Its prominent commercial position and continuous pedestrian traffic make it a highly attractive retail location.

First, Second & Third Floors: Three Luxury Apartments

Each upper floor features an independent, fully furnished apartment offering spectacular, unobstructed panoramic sea views, along with beautiful views of the surrounding mountains and town.

The apartments feature:

• Contemporary interiors combining modern aesthetics with elegant bohemian design elements.
• Unobstructed sea views from all three apartments.
• Aluminium windows with double glazing.
• Air conditioning and modern amenities.
• Stylish furnishings and fully equipped living spaces.
• Excellent short-term holiday rental potential.
• A private jacuzzi in the top-floor apartment.

The entire building has undergone comprehensive renovation, offering modern facilities and a turnkey hospitality investment with an established rental history.

Established Rental Performance & Investment Returns

One of the property's strongest advantages is its combination of consistent commercial rental income and successful seasonal holiday accommodation operations.

The ground-floor commercial space provides stable, year-round rental income, while the three apartments generate additional revenue through established short-term rental operations, including Booking.com, Airbnb and direct reservations.

Based on the property's 2025 rental performance and current asking price, the estimated annual investment returns are:

• Gross Annual ROI: 10%
• Net Annual ROI: Approximately 7% (after estimated operating expenses and taxes)

The property's diversified income structure offers investors an attractive combination of financial stability, established rental performance and long-term investment potential.

Key Investment Advantages

• Prime Seafront Location: Just 7 metres from the sea, in one of Hersonissos' most commercially desirable areas.
• Exceptional Foot Traffic: A highly visible position attracting substantial pedestrian activity throughout the tourist season.
• Two Complementary Income Streams: Year-round commercial rental income combined with seasonal holiday accommodation revenue.
• Attractive Investment Returns: Established rental operations offering competitive gross and estimated net annual returns.
• Fully Renovated & Furnished: Modern facilities and contemporary interiors, allowing continued operation without major renovation requirements.
• Strong Long-Term Potential: Located in an internationally recognised tourist destination with sustained demand for holiday accommodation and commercial properties.

Investment Opportunity

Asking Price: €950,000

This property represents a compelling opportunity for investors seeking an established, income-producing asset in a premium waterfront location.

Combining commercial stability, proven holiday rental performance, modern accommodation and an exceptional position in the heart of Hersonissos, the building offers an attractive balance of recurring income and long-term real estate investment potential.

A rare opportunity to acquire a fully operational, renovated seafront investment property in one of Crete's most sought-after tourist destinations.

Investment returns are indicative, based on the property's reported 2025 rental performance and estimated expenses. Actual returns may vary. Acquisition and financing costs are excluded.