Building with a Café and Three Apartments for Sale on Corfu, Greece — 230 m², 300 m to the Sea
A two-story building of 230 m² is offered for sale in the northern part of the island of Corfu, on the second line from the sea. On the ground floor there is a café, currently leased out. On the second floor — three apartments intended for short-term or long-term rental. Distance to the sea — 300 meters. Cosmetic renovation is required. Price — on request.
Location
The building is located in the northern part of Corfu, on the second line from the sea, 300 meters from the shore. The north of Corfu is traditionally in demand among British and European buyers who seek quieter locations compared to Corfu Town and the southern resorts. Within walking distance — cafés, tavernas, and everyday infrastructure. To Corfu International Airport (CFU) — about 40–50 minutes by car, depending on the specific location.
About the Property
A two-story building with a total area of 230 m². The ground floor is occupied by a café, leased out. The second floor includes three apartments. The property requires cosmetic renovation. The exact layout of the apartments, the number of bedrooms, and the condition of the engineering systems are not specified in the source.
Within the Complex
Information about the complex is absent in the source.
Price and Expenses
Price — on request.
When purchasing commercial real estate in Greece, the buyer pays transfer tax (ΦΜΑ). The base rate is 3% of the property's tax value. For properties acquired by buyers from non-EU countries, from 2026 an increase in the rate to 15% is being discussed for certain categories; however, at the time of publication, the standard rate for commercial properties remains at 3% with a municipal surcharge. The exact tax amount is calculated on the cadastral value and specified at the transaction.
Notary and registration fees are paid additionally. Total transaction costs typically amount to 8–11% of the property price.
The final transaction amount, including all fees, is calculated individually and communicated prior to contract signing.
Annual expenses: the unified property tax ENFIA. For commercial properties, the rate is calculated on the cadastral value. The municipal TAP fee is also payable.
Ownership Structure and Transaction Format
Ownership form — full ownership (freehold). Foreigners may purchase commercial real estate in Greece. Transaction steps: legal title due diligence, signing of the preliminary contract, payment of the ΦΜΑ tax, notarial execution, and registration in the cadastre. Online viewings and remote execution via power of attorney are available. Support languages — Greek, English.
If Considering as an Investment
The seller classifies the property under the Greece Golden Visa investment program. In 2026, for Corfu as an island with a population of more than 3,100 residents, the standard investment threshold is €800,000 for the purchase of a single property with an area of at least 120 m². The property price is on request — confirmation of compliance with the threshold is required. For properties acquired under the Golden Visa program, short-term rental through platforms is prohibited; only long-term rental is permitted.
There is an exception with a €250,000 threshold for commercial properties converted into residential stock, or for buildings for restoration. In this case, the construction permit must be issued after April 5, 2024, and the conversion completed before the application is submitted. The question of the applicability of this route to this property is in the service tail.
The Corfu market in 2026 shows growth: the average housing price in the first quarter was €2,400 per m², which is 8.1% higher than a year earlier. Corfu concentrates 49% of all residential properties listed for sale in the Ionian Islands. The presence of an active tenant in the café provides immediate cash flow. The source provides no data on stated yield.
Best Suited For
— Investors seeking a commercial property with an active tenant and residential apartments for rental.
— Buyers planning to use the property for the Golden Visa program (subject to confirmation of compliance with the threshold or application of the exception).
— Those prepared for cosmetic renovation and rental management.
May Not Be Suitable
— If you plan to use the property for Golden Visa in its current form — confirmation of compliance with the €800,000 threshold or application of the €250,000 exception is required.
— If you plan short-term rental for Golden Visa properties — a prohibition applies.
— If you need a ready-to-operate property — cosmetic renovation is required.
— If information about the year of construction and the condition of engineering systems is critical for you — the data is absent.
What to Know Before the Transaction
The property requires cosmetic renovation, which implies additional investment. The presence of an active tenant in the café provides a base income, but the condition of the premises requires verification. When purchasing, be sure to verify clean title, the existence of a valid commercial activity license, and the property's status in the cadastre. For the Golden Visa program, confirm that the property meets the area and use requirements as of the transaction date, or check the possibility of conversion into residential stock under the €250,000 route.
How to View and Purchase
Write to us with your travel dates and budget range. A Discount House manager will confirm the property's availability, send a full transaction cost breakdown, and suggest alternatives in the same area. Viewings in person or via video. Response within 30 minutes.