OVERVIEW

Suggested for sale an old hotel is offered in charming Plaka Village, Lassithi. It offers unrestricted and unobstructed views of the sea and the Venetian fortress of Spinalonga while at the same time it's located just a minute walk from the sea and the village of Plaka.
The hotel is built on a plot of 13,500sqm and the buildings inside it are 1145sqm while there is a building balance of 1277sqm. Total building 2422sqm while total coverage on the plot 2692sqm. Within the plot there are 5 independent buildings, the front building is ground floor and is in very good condition, the back left is ground floor with a semi-basement that was used in the past as a reception area.

In the middle of the plot, there are two independent two-storey buildings consisting of apartments and need total renovation, right in front there is a large swimming pool while at the back of the plot is the last building which is in good condition.

Unique investment opportunity with terrifying prospects in the heart of one of the countries most popular tourist destinations. The hotel can be renovated and converted into a five-star hotel unit or can be demolished and develop 24 villas with private pools. 

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