Commercial Property for Sale in Leros

PANTELI, LEROS

JUST 10 METRES FROM THE BEACH

Picturesque small village of Panteli in Leros island, Greece.

€495,000

Total area

90 sqm

Levels

2 × 45 sqm

Year of construction

1983

Renovation

2020

A distinctive seafront property combining an established commercial history, a privileged location and the potential for a new identity.

Located in Panteli, Leros, just 10 metres from the beach, this 90 sqm property is arranged over two levels of 45 sqm each and includes two WC facilities.

Originally built in 1983, the property underwent renovation in 2020, within the past decade. It has served successfully as professional business premises for the past 10 years, establishing an existing commercial presence in one of Leros' distinctive coastal locations.

The property is positioned directly above the first seafront road, offering immediate proximity to Panteli Beach.

It is currently leased, with the existing lease scheduled to run until summer 2028.

THE BUILDING & DEVELOPMENT STATUS

The property was constructed in 1983 and has undergone subsequent renovation.

According to the currently applicable building coefficients, the plot has reached its full building coverage and has no remaining building allowance. Prospective buyers should verify the property's precise planning status, permitted uses and any applicable restrictions through the relevant technical documentation and a qualified engineer.

An existing building permit and available legal and technical documentation provide a basis for the appropriate due-diligence process.

The property's value therefore centres on its existing building, its location, its established professional use and the possibilities for adapting the interior to a new purpose, rather than on additional building capacity.

ONE PROPERTY. SEVERAL POSSIBLE DIRECTIONS.

Following the end of the existing lease, the future owner may explore different options, subject to the applicable planning, legal and technical framework.

1. PRIVATE RESIDENCE

A private island home just a few steps from the sea, with the opportunity to create a distinctive living environment reflecting the owner's personal style.

2. TOURIST ACCOMMODATION / SHORT-TERM RENTAL

The potential for tourism-oriented use or short-term rental, subject to the relevant regulations, permitted uses and required approvals.

3. COMMERCIAL PREMISES

Continuation or repositioning as a commercial property in a location directly connected to Panteli's waterfront activity.

4. BOUTIQUE OR CONCEPT STORE

A carefully curated retail space for clothing, accessories, island-inspired products, souvenirs or a specialised commercial concept suited to the local setting.

5. A NEW INTERIOR DESIGN IDENTITY

The interior offers scope for different decorative approaches, from contemporary Mediterranean minimalism to traditional island aesthetics or a sophisticated boutique atmosphere.

The opportunity lies in reimagining the existing space while respecting the building's architectural structure and technical limitations.

TEN YEARS OF PROFESSIONAL PRESENCE

A decade of successful professional use gives the property an established commercial history.

For a prospective buyer considering commercial activity, this history provides useful context when evaluating the location and its potential future positioning.

The existing lease until summer 2028 also provides a defined timeframe for planning a future transition, subject to the lease terms and applicable legal provisions.

WHY PANTELI, LEROS?

Panteli combines a distinctive coastal setting with restaurants, hospitality businesses, maritime activity and a recognisable island atmosphere.

Its proximity to the waterfront makes location a defining characteristic of this property.

At approximately 10 metres from the beach, the property's relationship with the sea is an integral part of its identity.

WHY €495,000?

The asking price reflects the combination of the following characteristics:

Prime location in Panteli, Leros.

Approximately 10 metres from the beach.

90 sqm arranged over two levels.

Original construction in 1983.

Renovation completed in 2020.

Two WC facilities.

Ten years of successful professional use.

Existing commercial lease until summer 2028.

Full plot building coverage, with no remaining building allowance under the currently applicable building coefficients.

Existing building permit and available legal and technical documentation.

Potential for a new commercial, residential or decorative identity, subject to the applicable framework.

The property's appeal is not determined solely by its square metres. It also lies in its location, its existing structure, its commercial history and the opportunity to give the space a new purpose.

DOCUMENTATION & VIEWINGS

Ownership titles, building permit and available technical and legal documentation can be presented to serious prospective buyers as part of the appropriate due-diligence process.

Prospective buyers are encouraged to obtain independent legal and technical advice regarding the property's planning status, permitted uses and development limitations.

PANTELI · LEROS

€495,000

10 metres from the beach.

Built in 1983 · Renovated in 2020 · 90 sqm · Two levels

An established property with a history of professional use and the potential for a new identity.