Complex in Perigiali

Three-Storey Apartment Building with Sea Views — Perigiali, Lefkada

A rare income property on Lefkada's sheltered east coast: a three-storey building in the seaside village of Perigiali, comprising five self-contained apartments plus two further ground-floor units in shell condition. All seven are already established as separate legal properties.

The building stands on a vertical property of approximately 300 m² within a 599.74 m² plot, inside the settlement boundary of Perigiali, with walking access down to the sea. Four of the five finished apartments have sea views.

ACCOMMODATION

First floor

— Apartment 1.1: 37.73 m². One bedroom, kitchen/living room, bathroom. Two verandas: 4.5 m² off the bedroom and 6 m² off the living area.

— Apartment 1.2: 27.46 m². One bedroom, kitchen, bathroom, 6 m² veranda. Sea view.

— Apartment 1.3: 37.17 m². One bedroom, kitchen/living room, bathroom, veranda of approx. 11 m². Sea view.

Second floor

— Apartment 2.1: 39.28 m². One bedroom, kitchen/living room, bathroom. A continuous 47 m² terrace opens off the living room, with two further verandas of 6 m² and 4.5 m². Sea view. The standout unit of the building.

— Apartment 2.2: 27.46 m². One bedroom, kitchen, bathroom, 6 m² veranda. Sea view.

Ground floor

— Units 0.1 and 0.2: 51.18 m² each, currently in shell condition. Both are already constituted as independent properties in their own right, and the floor area is legally recorded as main-use space. A civil engineer has confirmed that separate private entrances can be created. Completing these two units would bring the building to seven income-producing apartments.

In total: 169.10 m² of finished accommodation across five apartments, 102.36 m² of shell space at ground level, and approximately 91 m² of private verandas and terraces. There are no shared balconies — every outdoor space belongs to a single apartment.

TECHNICAL AND LEGAL

— Original building permit 329/1991; energy certificates record the construction year as 1995

— Divided into seven horizontal properties by notarial deed 5054 of 22 November 2024

— Cadastral reference (KAEK) 340330101024/2/0; topographic survey on file, updated with cadastral diagrams in 2022

— Individual electricity and water meters for each apartment

— Air conditioning in every room; central solar water heater serving the building

— Roof inspected and certified watertight by both an engineer and a roofing specialist; exterior render repainted last year; water pump replaced six months ago

— Single-glazed windows throughout, all in sound condition

— Energy Performance Certificates: units 1.1 and 2.2 class D, units 1.2 and 1.3 class E, unit 2.1 class Z

THE INVESTMENT CASE

Compact one-bedroom apartments are the easiest format to fill on a Greek island — they suit couples, short stays and shoulder-season travellers alike, and five separate units spread the risk that a single large villa concentrates. Every apartment is independently metered and self-contained, so the building can be operated as a whole, split between family members, or sold on unit by unit over time. The immediate value-add is finishing units 0.1 and 0.2: the hard part, the legal and structural work, is already done.

LOCATION

Perigiali lies on the provincial road between Lefkada town and Vasiliki, a short drive north of Nydri and its marina, where ferries leave for Meganisi, Kefalonia and Ithaca. The east coast here is the calm side of the island: sheltered water, tavernas along the shore, and the Prince's Islands of Skorpios and Madouri on the horizon. Lefkada town is around fifteen minutes away, and Preveza (Aktion) airport roughly fifty.