Matala south Crete Hotel Location: Matala
COST & TAXES
|3% Transfer Tax||28.500€|
|3% Notary / Land Registry||28.500€|
|2.5% Real Estate Fees (not inc. VAT 24%)||23.750€|
|2% Estimated Lawyers's Fees (optional - not inc. VAT 24%)||19.000€|
|Total potential expenses||99.750€|
The Hotel sits on grounds of 13,000m2 and is located at the entrance to Matala. The building measures 2,200m2 and there is further planning permission for another 2,200m2. The Hotel was built 25 years ago and has remained empty for a number of years. The building is in a good solid state but will need complete renovation of doors, windows and new interiors. The resort of Matala is famous for its limestone caves and beautiful sandy beach. More recently an annual Music festival attracts thousands of visitors.