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Corfu Leasehold, Luxury Boutique Hotel, Fixed Income For Sale

Corfu Town, Corfu, Greece
Asking Price:
€170,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€40,800
Cash Flow:
€20,280

Leasehold assignment of a fully-equipped, 4-room luxury boutique hotel on the second floor of a restored neoclassical building in Corfu Town.

The unit is currently sub-let under a fixed rental contract to a professional property management company, generating a secured income of €3.400 per month (+VAT), with a 5% annual escalation built in from 2027. The head lease runs to 2034, with an option to extend, at a fixed cost of €1.710 per month — leaving a net contracted income of around €20.280 per year today, growing annually. No hospitality experience, staff, or day-to-day involvement is required, as the current sub-tenant manages all guest operations.

Each of the 4 rooms (40-45 sqm) is finished to a luxury standard: premium bedding, convertible sofa bed, LED-lit closets, minibar, espresso machine, 42" TV, air conditioning, Calacatta marble bathrooms, triple-glazed windows, and full fire/security/CCTV systems. One room has a private balcony.

The sale includes furniture, fixtures and equipment valued at approximately €90.000, plus the in-place, income-generating sub-lease contract.

Reason for sale: the owner has relocated abroad for personal reasons and is streamlining locally-held assets.

Property Information

Real Estate:

Lease

Lease Terms:

Lease runs to 2034 (~8 years remaining), with option to extend. Monthly rent €1.710, payable to the landlord. The premises are currently sub-let under a separate fixed rental contract to a professional property management company at €3.400/month (+VAT), with 5% annual escalation from 2027 — this in-place sub-lease transfers with the assignment, subject to any required consents.

Leasehold Rent:

€21 per annum

Location:

Prime central location in Corfu Town, within walking distance of the island's main attractions, restaurants, and transport hubs.

Premises Details:

Second floor of a restored neoclassical building; 4 self-contained luxury hotel-type rooms (170 sqm total, ~40-45 sqm each), each with private en-suite bathroom.

Size in square feet:
~1'800 sq ft (170 sqm)
Planning Consent:

Operates under existing tourist accommodation licensing.

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

The head lease includes an option to extend beyond 2034. There may also be scope to renegotiate the sub-lease rate upward at each renewal point, given Corfu's growing tourism demand, subject to agreement with the sub-tenant. In addition, the first floor may be considered for an equivalent investment/transformation.

Competition / Market:

The premises compete with other boutique hotels and short-let accommodation in Corfu Town's old town. This has limited direct relevance to the leaseholder, however, since the income is contracted through a fixed sub-lease agreement — occupancy and guest-facing competitive risk sit with the sub-tenant, not with the holder of the leasehold.

Reasons for selling:

The owner has relocated abroad for personal reasons and is streamlining locally-held assets, creating an opportunity for a new owner to take over a fully tenanted, income-generating leasehold with no operational involvement required.

Trading hours:

N/A to the leaseholder — the sub-tenant operates the accommodation on a year-round, guest-facing basis.

Employees:
0
Years established:
4 years

Other Information

Support & training:

No hands-on training required, given the passive nature of the asset. Seller can assist with handover of leasehold documentation and introduction to the current sub-tenant, and advise on next steps regarding landlord for the assignment.

Furniture / Fixtures value:
€90,000 - included in the asking price
Inventory / Stock value:
€3,000 - included in the asking price
Business closed / Asset sale:
Yes