Cave House at Caldera at Oia Santorini – Investment Opportunity

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Property ID : CALDERAOIA2

For Sale, SOLD 460,000€ - Investment Proposals, Semi-finished Buildings, Villas for Sale Greece
86 m2 1 Bedroom 1 Bathroom Print

Cave House at Caldera at Oia Santorini

Residential or Commercial Investment
Traditional Cave House at one of the most famous spots in Oia
Total area 126,88 sqm
House: 68,89 + 18,55 sqm
Bedroom and Living room, yard and Terrace with Caldera Views.
This cave house is one great investment opportunity, one of the last remaining available at the famous Oia of Santorini.
Everyone knows that the cave houses at Oia is very rare to find. Investors from around the world trying to locate the few left, to buy them and turn them into luxury cave suites with great income possibilities.
This cave house can become a luxury Caldera Suite, and offered for rent during the summer season at approximately 500 euro per night.
The season in Santorini is the longest in Greece. In total the rental villas and hotels operate 200 days per year.
You can easily estimate a 70% capacity. As such , this property , if it is renovated can become a luxury cave suite that will offer a yearly income of 80.000 euro!
Approximately 20% yield!
The property offers an amazing terrace on the top, with unlimited Caldera views, amazing sea and sunset views.
Do not hesitate, see this property now!

 

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