The property is fully furnished, equipped with satellite TV, automatic irrigation system, air conditioning and private Parking. The site provides an opportunity for additional landscaping: the installation of a swimming pool, terraces for events or the expansion of existing buildings within the norms.
Description and potential of the property
The hotel is located on the first line of the Ormos Panagias Bay, in a tourist-attractive area with a high level of seasonal demand. Direct access to the sea (5 meters from the water line) allows you to use the property as a boutique hotel, villa for private rent or a prestigious venue for events (weddings, corporate parties, wellness retreats).
Taking into account the current rental prices in the region, with an occupancy rate of 65-70%, the yield can range from 180,000 to 250,000 euros per year.
The purchase of such an object opens the right to obtain a residence permit in Greece under the Golden Visa program, valid for investments starting from 250,000 euros. This gives the investor and his family the opportunity to freely move around the countries of the Schengen area and a simplified path to European citizenship.
The area and the tourist attraction
Ormos Panagias is one of the picturesque seaside areas of Sithonia, with a convenient yachting infrastructure, snow—white beaches and excellent ecology. Travelers who appreciate relaxing holidays, proximity to nature and distance from mass tourism come here. The beaches of the region are awarded the "Blue Flag", the water is crystal clear.
There are several elite resorts, farms and wineries within a 15 km radius, which makes the location attractive to a diverse target audience. The climate is typically Mediterranean, with hot, dry summers and mild winters.