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Property Code: 4011-1018
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REDUCED: € 520,000
NOW ONLY: € 485,000
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Restored Venetian Mill
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The Retreat is a privately owned villa situated on the West coast on the island of Crete. This exclusive is the perfect investment and could also marketed as the perfect vacation property, as it can sleep 10 people.
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It has it's own private swimming pool and child safety pool set amongst well maintained, landscaped gardens on a plot of 696 sqm. This luxury home is only 25 minutes from the town of Hania, and 40 minutes from Hania airport, it is nevertheless secluded from the bustle of the resorts.
The Retreat offers exceptional accommodation in a beautifully restored 235 sqm Venetian Olive Mill, combining 21st Century comfort with the original olive mill features, surrounded by stunning sea and mountain views.
The property consists of large reception room, professional, traditional style fully fitted kitchen, four en-suite bedrooms, plus five bathrooms and benefits from; oil fired central heating, energy efficient solar powered water heating system and hot/cold air conditioning units.
To maximise on your investment buying offplan gives you the opportunity to build your property to EOT (Greek Tourist Licence) standards. This allows you to rent out your property on a short term basis, thus reaping the benefits of the highly lucrative holiday rental market.
With the increase in independent minded tourists looking for tranquil holidays in idyllic locations the rental potential of villas in Crete has risen sharply. This makes your purchase of a villa in Crete a perfect investment. Whether you intend to cover the costs of the villa and/or your mortgage or to actually supplement your income, managed properly, your villa in Crete can do this for you.
When you register your property with EOT you are in effect registering a business so you should always consult a Greek accountant as to the tax implications. Further information on the new rules from can be read/downloaded here: New EOT tax rules, VAT and procedures from 1st July 2010.
Reconstruction works commenced in 1999 under the supervision of Georgia Nikiforakis, one of Crete's most repected Architects, the Depatment of Archeology in Hania and the Ministry of Tourism (EOT), and all works were completed in June 2001.
Confidence, Trust, Credibility... That's what Artec Homes has been building with one successful project after another.
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