The aparthotel is located in a quiet part of Alikanas.
The building 330m2 stands on a 1,400 m² plot.
It includes a landscaped garden and private parking.
The complex consists of eight studios, each measuring 25 m².
On the top floor, there is a 105 m² penthouse apartment with two bedrooms and one bathroom.
The building is in very good structural condition.
However, the interiors require modernization.
For an investor, this is an opportunity to upgrade the standards in line with current trends in short-term rentals.
This will allow higher nightly rates and improved occupancy.
The estimated renovation budget is €15,000–18,000 per studio.
The penthouse requires approximately €35,000–40,000.
Total modernization costs are expected to be in the range of €160,000–180,000.
The investment profile is highly attractive.
The price per unit comes in at under €100,000.
This is more than 25% below the market benchmark for ready-to-rent apartments in the area.
Annual occupancy in Alikanas averages 72%.
In peak summer months, it exceeds 90%.
With average rates of €90–120 per night for a studio and €180–220 for the penthouse, the net annual yield after renovation is projected at 12–15%.
Tourism arrivals to Zakynthos over the last four years confirm a strong upward trend.
In 2021, the island welcomed approximately 750,000 visitors.
In 2022, arrivals rose to 1.05 million.
In 2023, Zakynthos reached a record 1.3 million.
In 2024, arrivals stabilized at around 1.25 million.
Over 70% of arrivals come from the UK, Germany, Poland, and Italy.
Alikanas combines a peaceful environment with proximity to the beach.
It is a preferred location for families and long-stay visitors.
The emerging “workation” segment is extending the season beyond summer months.
Aparthotel AB136 represents a model undervalued asset.
It combines a low entry price, solid technical condition, and strong tourism growth.
With modernization, it offers an investment with a payback period of under 8 years.
ID Property AB136 Aparthotel – Zakynthos, Alikanas
Price: €900,000