Investment Opportunity in the Old Town of Rhodes

€690,000

3 Bedrooms
4 Bathrooms
~282 m² Total surface
~282 m² Living area
~223 m² Plot surface

Description

Amidst the stone-paved alleys of the Old Town of Rhodes, where every step tells stories of centuries, emerges a property that seems straight out of an old postcard—a residence that embraces tradition and the light of the Aegean, with spaces overflowing with atmosphere and character. A house that invites you to live in it or share it with travelers from around the world, with corners that can be transformed into small shops or charming guesthouses, offering the opportunity to host experiences in the most authentic core of Rhodian life. Staying here becomes more than tourism; it becomes an experience for those seeking something different, something real, in a town that never ceases to enchant—a property that is not just an investment but a piece of history that can become a personal sanctuary or an open embrace for travelers seeking the warmth of home within walls of centuries. An excellent proposition for those seeking a property with character, efficiency, and timeless value.

Features

Air-conditioningBalconyBuilt-in kitchenGardenTerrace

Engel & Völkers Greece Second Home MMC

+30 21 1105 5200

Your advisor: Yannis Spanos

Property ID: W-02YPAK

Location: Rhodes, Southern Aegean

Location: Located next to the main town of Rhodes, north of the island, 13km from the International airport of Rhodes and also next to the main harbour. Unique features: The Medieval Old Town of Rhodes is one of the best preserved citadels in Europe which in 1988 was designated as a UNESCO World Heritage Site. When entering the Old Town one steps into another era with numerous alleyways and historical landmarks to discover. One of the most obvious sights is the Grand Master’s Palace (15th. Century) which can be approached from the famous cobbled Street of the Knights. With a mixture of minarets from the Ottoman period, medieval structures from the Italian period, an assortment of tourist shops and watering holes for a cosmopolitan nightlife, the Old Town offers endless fascination in its own individual orb. Accessibility: Access into the Old Town of Rhodes is permitted only for residents who have their own vehicles. There are electric taxis that take passengers from the gates of the Old Town inside the walls. Investment potential: As there is only limited space available, plot prices are very high. Prices are therefore highly dependent on the state of the relevant plot or building.