For Sale: Income-Generating Building with Apartments and a Shop on the Island of Corfu, Greece
Location: Central Corfu (Kerkyra)
The property is situated in the central part of Corfu Island (Ionian Sea, Greece), just a few kilometers from its capital, Corfu Town (Kerkyra). This area is the most developed and sought-after on the island, ideal for both tourism and permanent residence. Corfu Town is a UNESCO World Heritage site, famous for its Venetian architecture. The nearest international airport, Ioannis Kapodistrias, is only 5-7 km away, ensuring excellent accessibility for tourists and investors. The location boasts developed infrastructure: shops, restaurants, medical facilities, and beaches are within a short distance (approx. 3-4 km to the coast).
Property Description
A standalone building with a total area of 1,000 m² is offered for sale, situated on its own plot of land of 300 m². The building has been fully renovated and is ready for operation. It represents a turnkey investment business with existing tenants.
Property Structure:
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15 fully renovated apartments, currently rented out (long-term or short-term).
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A commercial unit (shop) of 300 m² on the ground floor, also rented.
Investment Highlights
This property is a classic example of a buy-to-let investment. The total monthly rental income from all units ranges from €8,000 to €10,000. This provides a stable cash flow and high return on investment. The presence of long-term tenants minimizes vacancy periods and risks for the new owner.
Legal Status
The building is privately owned. All necessary legal documents are in place, including building permits, renovation approvals, and an energy performance certificate (mandatory under Greek law).
Why Invest?
Corfu is one of Greece's most popular tourist islands, with high year-round rental demand due to its mild climate and international schools. Commercial real estate in the central part of the island is a scarce and liquid asset. This offer combines residential and commercial functions, diversifying risks and enhancing overall profitability.