Income-producing building in Plakias – steps from the Beach

An excellent opportunity to acquire a fully operating income-generating building with apartments of various sizes in the heart of Plakias, just a few meters from the beach, shops, supermarket and amenities. Set on a 777m² plot, this centrally located property offers strong and consistent returns, making it ideal for investors seeking immediate income in one of South Crete’s most popular seaside destinations.

The building is currently fully rented to multiple long-term tenants, with the exception of a spacious three-bedroom apartment on the first floor, offering flexibility for owner-use or additional rental income. The property delivers a net annual return of approximately 6% – a rare yield for a prime coastal location.

Property Breakdown:

• Basement:
  – Storage space: 80.73m²
• Ground Floor:
  – 9 studios/apartments of various sizes
  Total area: 233.63m²
• First Floor:
  – 5 studios
  – 1 apartment with 3 bedrooms & 3 bathrooms
  Total area: 206.03m²

Investment Highlights

• Central location a few meters from the beach
• Walking distance to all amenities
• Multiple rental units ensuring diversified income
• Net return of approximately 6%
• Partially owner-usable property
• High and consistent rental demand

About Plakias & Investment Potential

Plakias is one of South Crete’s most established and desirable seaside towns, renowned for its long sandy beach, relaxed atmosphere, and year-round appeal. Unlike many seasonal resorts, Plakias enjoys extended tourism demand from spring through late autumn, supported by hiking, diving, and alternative tourism.

The town offers excellent infrastructure, tavernas, cafés, supermarkets, and services, while maintaining a laid-back, authentic character. Limited availability of central plots and income properties continues to drive strong rental performance, making Plakias a highly attractive location for long-term and short-term investment.

This property represents a rare chance to acquire a prime, high-yield asset in a beachfront town with proven demand and excellent growth prospects.