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monemvasia, laconia, 23070, greece

$600,000.00 Icon
90 Sq M
  • Any

Exquisite Detached Residence

Reference: 221-PRY-b08cc16a

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PROPERTY DESCRIPTION

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A unique investment opportunity awaits inside Europe’s oldest continuously inhabited castle town. Situated in the stunning historic city of Monemvasia in the southeastern Peloponnese region, this commercial property is truly one of a kind. Located approximately 4 hours south of Athens, this remarkable property lies immediately within the castle walls that date back over 1450 years ago. Recently renovated to the specifications of the Ministry of Culture due to the castle's archaeological significance, this property offers an opportunity to own a piece of history.
It is comprised of two independent levels with a total area of 90 square meters (Ground floor shop of 40 m² and first-floor apartment of 48 m²) and is ideally suited to a variety of commercial ventures. With an expected ROI of 6-7% and property values poised to continue a year-over-year increase of 7-10%, this investment opportunity is not to be missed

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PROPERTY DETAILS

  • Property type Any
  • House Type 2 Storeys
  • Property Size 90 Sq M
  • Cooling Yes
  • Heating Yes
  • Air Conditioning Yes

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