Crete 73131

An exceptional commercial property with a total area of 746 sq.m. Is offered for sale in a prime location on a high-visibility retail street in Chania, Crete, one of Greeces most prominent tourist and commercial destinations. The property is arranged over four levels and successfully combines historic character with modern functionality. Originally constructed in 1939 and subsequently renovated, it has preserved its timeless appeal while maintaining strong commercial value. Currently leased and generating secure rental income, the asset represents an attractive investment opportunity for those seeking stable returns and long-term capital appreciation. Property Features Total Area: 746 sq.m. Space Allocation Basement: 265.40 sq.m. (Auxiliary Space) Ground Floor: 230.00 sq.m. (Retail Space) First Floor: 212.70 sq.m. (Retail Space) Attic: 38.00 sq.m. Year of Construction: 1939 Renovated Frontage Property Located on a High-Traffic Commercial Street Landmark Building with Distinctive Architectural Character Strategic Position within One of Cretes Most Dynamic Commercial Markets Investment Highlights The property generates secure rental income, providing stability and inflation protection through a contractual rent indexation mechanism. Annual Passing Rent: 218,400 Rent Indexation: Cpi + 1% Next Rent Review Date: The rental adjustment mechanism, linked to the Consumer Price Index (Cpi) plus an additional 1%, helps preserve the real value of the income stream while enhancing the property's long-term investment performance. Executive Summary A rare investment opportunity in Chania, combining historical character, a strategic retail location, and a strong income profile. With substantial annual rental income, outstanding visibility, and excellent long-term growth prospects, this property represents a premier commercial real estate investment in the Cretan market.