This well-established bungalow and apartment complex in the popular village of Arkassa offers an ideal investment in one of Karpathos' most charming areas. Situated on a 7,000 sqm property just 280 meters from the organised Agios Nikolaos Beach, the complex includes 8 bungalows, 2 apartments, and 4 studios, making it a prime destination for tourists looking for a comfortable seaside retreat.
The apartments each feature 2 bedrooms, a bathroom with shower, solar water heater, and a private veranda. The bungalows are 50 sqm each, complete with a bedroom, living room, kitchen, bathroom, air conditioning, internet access, and private gardens. Guests also benefit from on-site parking with space for up to 15 cars. Each studio offers 30 sqm of cozy, well-equipped space.
This 650 sqm complex, built between 1997 and 2002, generates an impressive annual revenue of approximately €140,000. With all units fully furnished and in excellent condition, the property is ready for immediate operation. The grounds are beautifully landscaped with fruit trees, offering a serene setting and potential for further development to add more apartments.