9 Cave Suites at Caldera Santorini, of total 500 sq.m Ideal Property

Imerovigli Santorini Greece

For Sale 6,300,000€ - Hotels For Sale Greece, Investment Proposals, Villas for Sale Greece

CALDERA9 500 m2 9 Bedrooms 9 Bathrooms

9 Cave Suites at Caldera Santorini, of total 500 sq.m

with additional 310 sq.m of outdoor spaces, verandas and terraces.

The cheapest property comparing the market prices at Caldera, the number of suites and the total square meters of the property!

Make your own a Hotel at Caldera, with 7 operating cave suites, that can become 9, at the most beautiful location of Caldera.

Each suite with private balcony and Jacuzzi at Caldera with Sea, Sunset and Caldera views.

Similar objects are sold from 7-9 million euro

In prime location, at the highest Caldera spot. In location that offers excellent access without steps, from the main path,near the main village square and near

a parking space that is less than 60 meters away.

Property partly restored, partly rebuilt and reformed complex of authentic cave houses, maintaining the original characteristic of Santorinian

architecture.

The property is built amphitheatrically into the Cliffs, in 5 levels

Covering 500 m2 of indoor spaces and 310m2 of outdoor spaces with verandas and terraces.

All suites have large private verandas with Sea & Caldera views.

PROPERTY DETAILED DESCRIPTION:

1 studio of 25 m2 (Rental Price 400-500€/night)

1 superior studio of 30 m2 (Rental Price 500-600€/night)

1 private suite of 35 m2 with outdoor Jacuzzi- pool (Rental Price 550-650€/night)

1 cave villa of 50m2, with outdoor Jacuzzi – pool (Rental Price 700-800€/night)

1 cave villa of 60m2, ( needs renovation) (Rental Price 600-800€/night)

1 superior cave villa of 90m2, with out door Jacuzzi- pool (Rental Price: 1.000-1200€/per night)

1 premier cave villa of 115m2, with outdoor Jacuzzi-pool (Of two Cave-houses that can also operate separately) (Rental Price 1500-2000€/night)

1 Service room with kitchen, linen room & laundry, storage space, renovated staff bathroom. ( Was formerly a 3rd studio / double room of approximately 26m2 and can be converted back to a 9th hotel room)

1 office/reception space

1 communal W.C. space and 2 toilets with showers.

2 small pump rooms

1 Central Boiler control room with Heat Pumps and automation system

2 cisterns

1 water reservoir

You can estimate of 220 operational days per year and a 75% capacity for the turnover.

The property currently holds a 4 Star Hotel license

This license can be easily updated to reflect the 8 units currently being developed or the 9 (if the client Chooses to split the big cave villa into 2 separate caves)

The owner is currently underway with the continuation of works, with all necessary permits for current works issued.

According to this plan, a new hotel license will be issued to replace the former active license at the completion of the redevelopment project. The new license will reflect the full capacity of the property from previously 7 apartments to 8 or 9 apartments , housing comfortably 28 – 30 persons.

VIDEO: Caldera of Santorini Greece

NEWS

Santorini Voted Best Island in Europe at Leisure Lifestyle Awards

Santorini Gears Up for a Thriving 2025 Tourist Season

MARCH 2025

Santorini 2025

Santorini is poised to welcome visitors for the 2025 tourist season with renewed optimism and a commitment to maintaining its status as one of the world’s premier travel destinations. Despite recent seismic activity, Santorini is ready to embrace a successful season, taking inspiration from the remarkable recovery of Rhodes in the previous year.

The official start of the season will be marked by the arrival of the first cruise passengers aboard the Celestyal Discovery on 23rd March 25. Approximately 1,265 visitors will set foot on the island, greeted warmly by the local community. This signals the beginning of an exciting period for Santorini, with an estimated 50 cruise ships scheduled to visit in April alone.

Property Purchase in Santorini – Special exception for NON EU Citizens  Santorini– Special exception for NON EU Citizens : Santorini is at the same status as the Greek borders. For this reason, there is one additional requirement only for non-European citizens.  The potential non European investor must first get a permit from the authorities, that he/she is allowed to purchase a property in Santorini.  This permission is given only for a specific property, it is not a general one. Your lawyer will submit the necessary documents to the authorities requesting permission (CV, permanent residence, occupation etc) along with the property documents.  This process takes around 1 month. Then you can proceed in purchase.

Property Purchase in Santorini – Special exception for NON EU Citizens  Santorini – Special exception for NON EU Citizens : Santorini is at the same status as the Greek borders. For this reason, there is one additional requirement only for non-European citizens.  The potential non European investor must first get a permit from the authorities, that he/she is allowed to purchase a property in Santorini.  This permission is given only for a specific property, it is not a general one. Your lawyer will submit the necessary documents to the authorities requesting permission (CV, permanent residence, occupation etc) along with the property documents.  This process takes from 1-3 months. Then you can proceed in purchase.