SELECT AND MANAGE YOUR INVESTMENT PROPERTIIES IN KEFALONIA
VALUE AND GROWTH POTENTIAL
Welcome to kefalonia4investment.com .
We manage your holiday villas to a very high standard from bookings and cleaning to welcoming your guests and taking care of your garden .
Your investment yield and peace of mind are our main focus and we pursue these promoting the value of your investment and business .
Kefalonia is one of the large islands of Greece and the largest in the Ionian sea.
Even though the island is endowed with an attractive morphology and a natural environment with a great number of exceptional beaches , green scenery and mountain terrain , it is not amongst the major Greek island destinations still .
This is because ,at the period when tourism started to rise in Greece in the mid 70's the local economy was well supported by the local production and the remittances from the large number of mariners that was a traditional occupation then as well as remittances from those settled overseas .
This was partly beneficial to the island as it has avoided the mistakes of the early adopters of the tourist model of development, that have ruined the natural environment in some cases.
Since mid 80's however a turn towards adopting the benefits of tourism has occurred with the number of visitors rising ,with its ups and downs , until reaching a record in 2019 of 1,1 mill arrivals (including the 250,000 that arrived with cruise ships but not including those that arrived with private cruisers and sailing boats).
The recent upgrade of the airport by Fraport and of the cruise ship port, are expected to contribute towards a bigger increase in arrivals ex-Covid 19.This increase can be supported by the island due to its size. At the moment the capacity utilisation of the hotels reaches very high levels especially the 3 months of mid June to mid September when it reaches levels close to 90% .
LANDMARK BUILDING PLOT WITH YIELD POTENTIAL
PRICE 1.150.000 EUROS
Argostoi is rising as a pole of attraction with a number of new and refurbished older hotels offering good standards of accommodation , however the demand is rising and new buildings with high level suites are beeing built currently . Also there is an increasing number of sailing and cruising yachts mooring in Argostoli, with the renovation of the marina expected to increase them further .
Big yachts and sailing boats are increasing their presence in Argostoli every year and they use it as a base for their excursions .
Central Square of Argostoli that is a major attraction for locals as well as visitors.
It is facing on a pedestrian street that is also a significant part of the historical center and attraction for most of our visitors that come either from the cruise ships or other parts of the island .
Within 100 meters of the plot is the port and the location of 6 of the finest hotels of the island.
These factors offer a great number of opportunities for the development of this plot with the choice left to the investor and not in any way constraint by an existing building.
The plot has Eastern direction facing the pedestrian Rizospaston street , it has a building coefficient of 1,4 and coverage coefficient of 0,6 . Depending on the investor the plot can be developed into different uses:
An indicative but not exhaustive list of uses and income opportunities is:
A single 390 sqm with extra attic of 84 sqm and extra loft of 90 sqm commercial building . The high number of pedestrians that walk in Rizospaston street make it ideal for many kinds of shops , restaurant etc . The building cost is lower than other options but the rental yield can reach 5% with low risk .
A commercial unit of 6-8 luxury suites ,designed to attract demanding visitors . Such a development will require a higher development cost and will attract a yield of 8% with low risk .
The development can also be a mixed use of commercial ground floor with loft and a residential first floor with attic.
It is uncommon to be able to find a space in the centre of a city or town as these areas are usually already built and in many cases built in ways and standards that are outdated and for uses that are not in accordance with modern needs .
If you want to find out more about the prospects of this rare investment in the centre of a town without having to be bound by an existing building , you can contact us using the form below or email us .
VILLA NEXT TO THE SEA
THE SEA VIEW FROM THE VILLA
Kefalonia4investment.com markets this unique investment property in Fiskardo , Kefalonia , Greece. We were very strict about the choice of the properties and this one meets our highest standards. The villa stands isolated in the entrance of Fiskardo gulf and was recently refurbished. How can step to the sea from your living room