Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Established Holiday Apartment Business In Rhodes Old Town For Sale

Rhodes, Dodecanese, Greece
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
On request
Cash Flow:
On request

**Listing Headline**

Established Holiday Apartment Business In Rhodes Old Town

**General Summary**

A time-sensitive opportunity to acquire the agreed operating assets, business goodwill and operational know-how of an established two-apartment holiday-accommodation business in Rhodes Old Town.

Established in 2021, the operation comprises two furnished and equipped apartments of approximately 45 m² each, with accommodation for up to four guests per apartment. The business has an established trading history and visibility on major international accommodation platforms.

Operations are currently temporarily paused. The decision to sell is primarily driven by serious and ongoing family medical circumstances that have materially reduced the sellers’ ability to provide the required day-to-day management and local oversight from abroad.

The sellers are therefore seeking a prompt and responsible handover to a financially and operationally qualified buyer, preferably an experienced local accommodation operator or hospitality entrepreneur.

This is a leasehold business and asset opportunity. The real estate itself is not included in the sale. Any assignment of the current lease, replacement lease or continuing right to occupy and operate from the premises is subject to the property owner’s prior written agreement and appropriate legal documentation.

Subject to agreement and due diligence, the proposed transaction may include:

  • Agreed furniture, fixtures and equipment;
  • Transferable trade name and brand assets;
  • Business photographs and marketing materials where transferable;
  • Operational procedures and documentation;
  • Relevant supplier and service-provider information;
  • Historical booking and performance information;
  • A structured business and operational handover.

Forward reservations currently exist. Their continuation, reassignment or cancellation, together with any transition of listings, must be handled in accordance with the rules of each booking platform and the interests of the affected guests. No automatic transfer of Airbnb or Booking.com accounts, reviews or reservations is represented.

The opportunity may be particularly suitable for an established Rhodes-based accommodation operator seeking to add two units in a recognised tourist location and provide the necessary local oversight.

To preserve confidentiality, the business name, exact address, detailed financial information and contractual documents are not being published. These can be disclosed to genuinely interested and financially qualified buyers following initial screening and, where appropriate, a confidentiality agreement.

Verified funds and a prompt completion are required. Seller financing or payment by long-term instalments is not available.

Property Information

Real Estate:

Lease

Lease Terms:

Current contractual rent is approximately €1,900 per month, equivalent to €22,800 per year.

The existing agreement was structured as a long-term lease with a further extension option. The exact remaining term, extension rights and enforceability must be verified from the signed lease documentation.

Any assignment, continuation or replacement of the lease is subject to the property owner’s prior written consent and verification by the parties’ Greek legal advisers.

Leasehold Rent:

€22,800 per annum

Location:

Prime central location in the UNESCO World Heritage-listed Medieval City of Rhodes. The apartments are situated within the historic Old Town, close to restaurants, shops, museums, visitor attractions and the main tourism areas, while retaining the character of a traditional historic neighbourhood. The exact address will be disclosed to qualified buyers.

Premises Details:

The leased premises comprise two self-contained, furnished holiday apartments on the first floor, each measuring approximately 45 m². Each apartment has its own private bathroom, kitchen facilities, sleeping and living space, and accommodation for up to four guests.

The lease also includes two approximately 45 m² ground-floor storage units, subject to verification of the contractual rights and permitted use. Furniture, appliances and operational equipment are included subject to an agreed final inventory.

Size in square feet:
1,938 sq ft
Planning Consent:

he apartments have previously operated as registered tourist accommodation. The buyer must independently verify the current tourism registration or notification, fire and safety requirements, tax status and all other regulatory requirements connected with transfer and reopening.

No representation is made regarding permission for alternative commercial use of the ground-floor storage units.

Business Operation

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

Potential exists to optimise rates and availability, strengthen direct bookings, improve shoulder-season and winter marketing, and reduce operating costs through hands-on local management.

The two ground-floor units may offer additional storage, rental or commercial potential. Any alternative use is subject to the existing contractual arrangements, landlord approval, planning requirements, heritage restrictions and all applicable licensing regulations.

Competition / Market:

Rhodes Old Town has an active and competitive accommodation market, including hotels, guesthouses and short-term holiday rentals.

The business is differentiated by its central historic location, two spacious self-contained apartments, total accommodation capacity of up to eight guests, established booking history and positive guest-review record.

An experienced local operator may further improve guest service and reduce the substantial costs associated with remote and outsourced management.

Reasons for selling:

Serious and ongoing family medical circumstances have made continued remote management and local coordination unsustainable.

The sellers are therefore seeking a prompt and responsible transfer to a qualified operator, with the objective of restoring normal operations and minimising further disruption to guests.

The decision to sell is driven by health and management capacity rather than a planned withdrawal based on the location or the underlying Rhodes tourism market.

Trading hours:

Historically operated as high season holiday accommodation, with 24/7 online booking availability and guest communication. Check-in and check-out were handled by arrangement.

Operations are currently temporarily paused due to the owners’ medical and operational circumstances.

Employees:
0
Years established:
5

Other Information

Support & training:

The seller will provide a reasonable and structured handover of available operational documentation, guest communication templates, supplier and contractor contacts, website and marketing materials, historical booking information and cooperation with platform-transition procedures where permitted.

Because of the medical circumstances underlying the sale, support will be structured, time-limited and focused on achieving an efficient operational handover.