St Nicholas Paros Development

Residential investment opportunity located along the coastline of Aliki on Paros Island, Cyclades, Greece. The asset sits on a 2,891 sqm total plot footprint across three parcels (Plots A, B, and C) and comprises a built area of 1,181 sqm split across two-story Cycladic structures. Units: 21 apartment units. Layouts: 70-82 sqm per unit, featuring 1, 2, and optional 3-bedroom configurations with private balconies and verandas. Amenities: Steps from sandy beaches and walkable to central Aliki village amenities (tavernas, shops, supermarkets). Architectural plans date to 2004. Target Strategy: Short-term seasonal holiday rental operation (May–October, approx. 180-day operational window). Gross Rental Revenue: Projected at €478,800/year based on an average daily rate (ADR) of €200 across peak/shoulder seasons and an average unit occupancy of 114 booked nights/year. Gross Yield: 13.68%. This turnkey collection of 21 apartments offers investors high-yield exposure to one of the Cyclades’ fastest-growing family and leisure tourism destinations. The asset allows for unified management as a boutique apartment hotel or unit-by-unit disposition.