Land in Rethymno, Greece, 308 sq.m

Investment property in the center of Rethymnon city. For sale is a land plot of 308 sq.m. which has the possibility to build a three level hotel with 10 luxury suites with two Jacuzzi (one indoor and one on the top floor). The completion of construction is estimated within 6-10 months from the purchase contract. There is also a project and a relevant financial study which claims that the property depreciates in less than 10 years with yields 10% annually.