NEW Exclusive: 9 Cave Suites at Caldera Santorini, of total 500 sq.m Ideal Property

Property ID : CALDERA9

For Sale 5,500,000€ - Hotels For Sale Greece, Investment Proposals
500 m2 9 Bedrooms 9 Bathrooms Print

NEW Exclusive: 9 Cave Suites at Caldera Santorini, of total 500 sq.m with additional 310 sq.m of outdoor spaces, verandas and terraces.  Ideal Property

The cheapest property comparing the market prices at Caldera, the number of suites and the total square meters of the property!

Make your own a Hotel at Caldera, with 7 operating cave suites, that can become 9, at the most beautiful location of Caldera.

Each suite with private balcony and Jacuzzi at Caldera with Sea, Sunset and Caldera views.

Similar objects are sold from 7-9 million euro

In prime location, at the highest Caldera spot. In location that  offers excellent access without steps, from the main  path,near the main village square and near
a parking space that is less than 60 meters away.
Property partly restored, partly rebuilt and reformed complex of authentic cave houses, maintaining the original characteristic of Santorinian
architecture.
The property is built amphitheatrically into the Cliffs, in 5 levels
Covering 500 m2 of indoor spaces and  310m2 of outdoor spaces with verandas and terraces.
All suites  have large private verandas with Sea & Caldera views.
PROPERTY DETAILED DESCRIPTION:
1 studio of 25 m2 (Rental Price 400-500€/night)
1 superior studio of  30 m2 (Rental Price 500-600€/night)
1 private suite of  35 m2  with outdoor Jacuzzi- pool (Rental Price 550-650€/night)
1 cave villa of 50m2, with outdoor Jacuzzi – pool (Rental Price 700-800€/night)
1 cave villa of  60m2, ( needs renovation)   (Rental Price 600-800€/night)
1 superior cave villa of  90m2, with out door Jacuzzi- pool  (Rental Price: 1.000-1200€/per night)
1 premier cave villa of 115m2, with outdoor Jacuzzi-pool (Of two Cave-houses that can also operate separately) (Rental Price 1500-2000€/night)
1 Service room with kitchen, linen room & laundry, storage space, renovated staff bathroom. ( Was formerly a 3rdstudio / double room of approximately 26m2 and can be converted back to a 9th hotel room)
1 office/reception space
1 communal W.C. space and 2 toilets with showers.
2 small pump rooms
1 Central Boiler control room with Heat Pumps and automation system
2 cisterns
1 water reservoir
You can estimate of 220 operational days per year and a 75% capacity for the turnover.
The property currently holds a 4 Star Hotel license
This license can be easily updated to reflect the 8 units currently being developed or the 9 (if the client Chooses to split the big cave villa into 2 separate caves)
The owner is currently underway with the continuation of works, with all necessary permits for current works issued.
According to this plan, a new hotel license will be issued to replace the former active license at the completion of the redevelopment project. The new license will reflect the full capacity of the property from previously 7 apartments to 8 or 9 apartments , housing comfortably 28 – 30 persons.
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