#2031
Exceptional Investment Opportunity in Poros Heraklion Location: Heraklion
160.000€
FACILITIES
Description
Exceptional Investment & Lifestyle Opportunity: 120 sq.m. Commercial-to-Residential Conversion in Poros, Heraklion Discover a rare real estate opportunity in the vibrant neighborhood of Poros, Heraklion. This spacious 120 sq.m. ground-floor shop comes with actionable plans to be fully converted into a stunning, modern residential apartment. Whether you are looking for a lucrative investment pathway or a beautifully located home for your family, this property offers a blank canvas with massive potential. 🏢 The Property: From Commercial to Luxury Residential * Current State: A generously sized 120 sq.m. commercial shop with an open-plan layout, offering incredible flexibility for interior redesign. * The Vision: Architectural plans are available to transform this space into a high-end, contemporary apartment. The generous square footage allows for a spacious living and dining area, modern kitchen, multiple bathrooms, and up to 3 large bedrooms. * Customization: Buying before the conversion is complete gives you the unique advantage of tailoring the layout, finishes, and fixtures to your exact taste. 🛂 Golden Visa Eligibility (The €250,000 Pathway) This property represents a highly sought-after investment vehicle under the latest Greek Golden Visa regulations. * The Exemption: While standard Golden Visa thresholds in major Greek cities and islands have increased to €400,000 or €800,000, commercial-to-residential conversions remain eligible for the €250,000 minimum investment threshold. * The Advantage: By acquiring this shop and executing the planned change of use to a residential apartment, non-EU investors can secure a Greek residence permit for themselves and their families at the most competitive price point available in the country today. (Note: The conversion must be completed before submitting the visa application, and short-term rentals like Airbnb are prohibited under this specific tier). 📍 The Location: Poros, Heraklion Poros is one of Heraklion’s most strategically located and beloved suburbs. * Excellently Located: Situated just moments away from the Heraklion Port and the deep blue of the Cretan Sea. * Convenience: You are within walking distance of local bakeries, cafes, supermarkets, and schools. * Accessibility: It offers immediate access to the city center for work or leisure, as well as a quick, straightforward commute to Heraklion International Airport. 👨👩👧 Perfect for a Couple or Family If the Golden Visa isn't your primary goal, this property stands on its own as an incredible primary residence. At 120 sq.m., it is significantly larger than the average newly built apartment in Heraklion. It offers the expansive, single-level living space that modern couples and growing families crave, all tucked into a neighborhood that balances quiet residential living with urban convenience.
Selling Price:
160.000€
COST & TAXES
Estimated Total
Buying Cost
| Asking Price | 160.000€ |
|---|---|
| 3% Transfer Tax | 4.800€ |
| 3% Notary / Land Registry | 4.800€ |
| 2.5% Real Estate Fees (not inc. VAT 24%)* | 4.000€ |
| * Minimum commission of 1500€ | |
| 2% Estimated Lawyers's Fees (optional - not inc. VAT 24%) | 3.200€ |
| Total potential expenses | 16.800€ |
LOCATION
Heraklion
Heraklion is the largest city and the administrative capital of the island of Crete. Its Archaeological Museum holds the remains of the 4000-year old Minoan civilization, which centred around the nearby palace of Knossos, with its Minotaur legend. The city has several Venetian and Byzantine churches and the biggest in East Mediteranean well-preserved Venetian wall and harbour fortress from the 15th century, Koules Fortress.Heraklion located in the middle of the island, as a result has a busy harbour and very busy airport and usually is the starting point of travels to Crete and nearby islands.
DISTANCES FROM
AIRPORT:
3km
PORT:
2km
HOSPITAL:
12km
SHARE
Exceptional Investment & Lifestyle Opportunity: 120 sq.m. Commercial-to-Residential Conversion in Poros, Heraklion Discover a rare real estate opportunity in the vibrant neighborhood of Poros, Heraklion. This spacious 120 sq.m. ground-floor shop comes with actionable plans to be fully converted into a stunning, modern residential apartment. Whether you are looking for a lucrative investment pathway or a beautifully located home for your family, this property offers a blank canvas with massive potential. 🏢 The Property: From Commercial to Luxury Residential * Current State: A generously sized 120 sq.m. commercial shop with an open-plan layout, offering incredible flexibility for interior redesign. * The Vision: Architectural plans are available to transform this space into a high-end, contemporary apartment. The generous square footage allows for a spacious living and dining area, modern kitchen, multiple bathrooms, and up to 3 large bedrooms. * Customization: Buying before the conversion is complete gives you the unique advantage of tailoring the layout, finishes, and fixtures to your exact taste. 🛂 Golden Visa Eligibility (The €250,000 Pathway) This property represents a highly sought-after investment vehicle under the latest Greek Golden Visa regulations. * The Exemption: While standard Golden Visa thresholds in major Greek cities and islands have increased to €400,000 or €800,000, commercial-to-residential conversions remain eligible for the €250,000 minimum investment threshold. * The Advantage: By acquiring this shop and executing the planned change of use to a residential apartment, non-EU investors can secure a Greek residence permit for themselves and their families at the most competitive price point available in the country today. (Note: The conversion must be completed before submitting the visa application, and short-term rentals like Airbnb are prohibited under this specific tier). 📍 The Location: Poros, Heraklion Poros is one of Heraklion’s most strategically located and beloved suburbs. * Excellently Located: Situated just moments away from the Heraklion Port and the deep blue of the Cretan Sea. * Convenience: You are within walking distance of local bakeries, cafes, supermarkets, and schools. * Accessibility: It offers immediate access to the city center for work or leisure, as well as a quick, straightforward commute to Heraklion International Airport. 👨👩👧 Perfect for a Couple or Family If the Golden Visa isn't your primary goal, this property stands on its own as an incredible primary residence. At 120 sq.m., it is significantly larger than the average newly built apartment in Heraklion. It offers the expansive, single-level living space that modern couples and growing families crave, all tucked into a neighborhood that balances quiet residential living with urban convenience.
