Estate Of Multiple Properties For Sale In Heraklion Crete

Description

Estate of Multiple Properties For sale in Heraklion Crete Greece

Esales Property ID: es5554712

Stavrinidi Nikolaou street no 22

Heraklion

Crete

71409

Greece

A Premier Investment Opportunity: Freehold Estate in Heraklion, Crete

An exceptionally rare and compelling freehold estate is now available for acquisition in Heraklion, Crete’s most sought-after neighborhood. This expansive 800 m2 plot, strategically located mere minutes from the International Airport, the bustling city center, and the vibrant port of Heraklion, presents a unique blend of immediate income generation and significant long-term capital appreciation potential. Comprising a purpose-built apartment complex and a detached, gated family residence, both with existing tenants, this versatile asset offers a robust foundation for a diversified real estate portfolio on Greece’s largest and most dynamic island. The property is situated at Nikolaou Stavrinidi 22, Heraklion, with precise coordinates of Latitude: 35.317909 and Longitude: 25.146877, placing it at the heart of convenience and desirability.

The Portfolio: A Dual-Asset Offering

This distinguished estate is segmented into two primary components, each contributing to its overall value and investment appeal:

Purpose-Built Apartment Building – 650 sq m (Completed 2000) – Valued at €1,600,000

Constructed in 2000, this meticulously designed apartment complex spans 650 square meters and is a testament to functional design and tenant comfort. It offers a diverse mix of residential units, catering to various needs and ensuring a broad tenant base. The building includes:

* Four spacious 2-bedroom, 2-bathroom apartments: Each unit boasts well-proportioned living areas, two comfortable bedrooms, and two full bathrooms, providing ample space for small families or professional couples. A private balcony attached to each of these apartments offers residents outdoor space to enjoy the Mediterranean climate and potential views of the surrounding area.
* One inviting 1-bedroom, 1-bathroom apartment: Ideal for singles or couples, this unit provides a cozy yet functional living environment, also featuring its own private balcony.
* One versatile studio/guest suite with a bathroom (basement): This adaptable space, located in the basement, can serve multiple purposes—from an additional rental unit to a dedicated guest suite, a home office, or even a private gym, offering remarkable flexibility.
* Two dedicated parking spaces: A crucial amenity in any urban setting, these off-street parking spots provide convenience and security for residents.
* Designated storage rooms: Each apartment benefits from its own allocated storage space, helping to keep living areas uncluttered and organized.
* Large communal terrace: An expansive terrace provides a communal outdoor area for residents to relax, socialize, or enjoy the Cretan sunshine.
* Landscaped green space: Thoughtfully designed green areas enhance the aesthetic appeal of the property, offering a serene environment for all occupants.

Detached Gated Family Residence – 500 sq m internal area (Completed 2019) – Valued at €1,900,000

The crown jewel of this estate is a magnificent 500-square-meter detached family residence, completed in 2019, epitomizing modern luxury and privacy. This exclusive villa offers an unparalleled living experience, making it an ideal choice for an owner-occupier seeking a high-end lifestyle or for leasing as an executive rental. Its features include:

* Expansive loft space: A versatile area that can be adapted for various uses, such as a home cinema, games room, or additional living quarters.
* Four generously sized bedrooms: Providing ample personal space for a large family or guests.
* Three en-suite bathrooms: Each main bedroom benefits from its own private bathroom, enhancing comfort and convenience.
* A convenient guest WC: Thoughtfully placed for visitors.
* Multiple walk-in closets: Offering extensive storage and organization for personal belongings.
* Additional dedicated storage areas: Ensuring all storage needs are met.
* Luxurious indoor pool and entertainment space: A highlight of the villa, this dedicated area provides year-round leisure and entertainment opportunities, perfect for relaxation or hosting gatherings.
* Double garage: Secure and convenient parking for multiple vehicles.
* Practical utility room: Designed for laundry and household management.
* Spacious outdoor terrace and private garden: Offering abundant space for al fresco dining, entertaining, or simply enjoying the tranquil surroundings.

Key Investment Highlights: Why This Opportunity Stands Out

This unique dual-property offering presents a compelling investment case, underpinned by several strategic advantages:

* Strong Income Potential: With tenants already in situ across the apartment