Flexible Investment, Hydra
Residential/Commercial
Hydra Island, Greece
€1,500,000
A house and business premises combined on one town plot both sharing a large private courtyard. A wide range of uses to consider.
Real Estate Description
Whether you are looking for a home in Hydra Town or a business premises, this combined property is well worth considering as it gives both.
The plot has two street entrances and is L-shaped. The business premises (currently laid out as a restaurant), opens from the front street and has a backdoor that opens to the courtyard of the house which is at the back of the plot. There is an entrance for the house on the side street.
The simplest scenario is to keep the entire property as it is: 2 bedroom house & courtyard, plus a taverna which could be rented out.
But there are many other alternative ideas though. Changing the usage of the business premises to make it fully residential would be possible. Divide the business premises to convert the street front into offices, or holiday rentals, or incorporate the rear of the premises to extend the house with an extra bedroom and so on.
Note that this property is being sold as 1 lot so that whoever buys it can decide for themselves if they want to live in a house that's potentially in such close proximity to a restaurant. Please don't hesitate to contact me to view and for full details.
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Reference:
Location:
Sub-location:
Digital ID:
Readiness Score:
HD021024
Hydra Island, Greece
Hydra Town
Applied For
10/15
Eligible for Greek Golden Visa:
Yes
Living space:
Plot size:
Floors:
Bedrooms:
Bathrooms:
Condition:
225 m2
241 m2
2
2
4
Excellent
HOUSE
The house was completely renovated in 2022 and comprises:
2 independent levels both opening from a private courtyard
Top level: Stone steps to a terrace. Large open plan living space, fully fitted kitchen, shower room and a double bedroom that opens to a double-length Juliet balcony overlooking the courtyard.
Ground level: from the courtyard to a small hallway that's been retrofitted with a neat kitchenette where the internal stairs used to be, large bathroom (shower and bath) and a large double bedroom with fitted cupboards and patio doors that open to the courtyard.
BUSINESS PREMISES
From the courtyard, a large door (surrounded by a vine and bougainvillea) opens (below the house top level terrace) to the rear of the business premises.
The prep room and main kitchen are to the left. The public area of what was a taverna is to the right.
The kitchen is in the back corner of the plot below the fireplace end of the house living room. There is a window in the kitchen that opens under the stone stairs in the courtyard.
The corridor to the public area of the business premises passes two WCs, then stairs from the main dining room go up to a roof terrace that's the same size as the dining room below.
The dining room has a public grill in the back corner and doors and windows facing onto the street.
The roof terrace over the business premises has a gate opening to the roof terrace of the house.
Summary Points
House
Side street (double) entrance doors to a short flight of steps to a completely enclosed large courtyard.
2 independent levels (original trapdoor in the floor of the top level if reinstatement of internal stairs desirable)
Top level: Stone steps up from the courtyard to the terrace (above the back of the business premises) with access to the larger flat roof terrace (above the front of the business premises). Large open plan living room, newly fitted kitchen, 1 double bedroom with double-width Juliet balcony, small shower room.
Ground level: Small entrance hall with kitchenette, large bed/sitting room which opens either from the hall or directly from the courtyard, 1 large bathroom with bath & shower. Large storage area under what used to be the staircase up to the top level.
Private walled courtyard (82 m2). Stone steps to the upper terrace. Freshwater cisterna under courtyard (will need renovation) with ornamental wellhead
Door at back of courtyard to business premises
Business Premises
Kitchen
Prep room
2 WCs
Dining room (with stairs up to ...)
Roof terrace dining room
Features
Central position with no street steps from the harbour.
Fireplace
Marble, tile, stone and wood flooring
Freshwater cisterna with ornamental wellhead
Very private
Light, airy and open atmosphere with a big courtyard and to large upper floor terraces
Air-conditioning
Ready to move into and live as is immediately
Neighbourhood
Even though the property is in the centre of town, and the business premises has lots of passing footfall, this area is quiet with a lot of locals living around who respect privacy and siesta hours.
The house is set back from the main street, and is accessed via a side street that is a short cul-de-sac that's only used by the 5 houses it leads too.
The closest taverna is the Douskos (Xeri) Elia, which is popular and busy but because there are enough buildings between as a buffer, no noise is heard from either the house of the business premises. The only exception is during Hydra festivals, especially during Greek Easter Sunday when the party can be heard by everyone. However, as it's always a brilliant party, you won't be concerned because you'll probably be there!
Utilities & Technical
Mains supply for:
Water (desalination)
Electricity
Sewage
There is also a large freshwater cisterna (in need of repair and connection)
Observations
The house was furnished for both levels of the main house to be holiday rented for the 2024 season. And they enjoyed a very good season indeed.
The business premises have been closed for three years.
Personally, if I were to buy the property, I wouldn't want to use the business as a taverna. The chimney from the taverna kitchen lifts between the flat roof terrace next to the gate that opens to the house terrace. The smell of cooking would make me want to eat far too much!
As there is a desperate shortage of residential accommodation on Hydra, I would probably split the business property at the back wall of the old taverna dining room. Then I'd take out the stairs to the roof terrace. I'd take the dining room and split it into two to make 2 small studio style homes both entered from the front street. Then I would incorporate the taverna kitchen, prep room and the WCs to form a guest suite for the house.
There are lots of ideas and as this property is very well priced, and I have full plans and the document pack, it's a good idea to view asap.
Please contact me using the form below, sign up as a site member to see more photos and video, or phone me on my WhatsApp number. Regards, Kelsey
Viewing and extra information
To arrange a viewing or for more information (including plans, more photos, and current length of time to be able to go to contract), please contact me.
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