PELOPONNESE RENOVATION PROPERTY
SUBSTANTIAL COMMERCIAL / RESIDENTIAL INVESTMENT
SEPARATE 2 STOREY GARDEN HOUSE
THE OLD TAVERNA, ICHALIA
PARTLY RENOVATED
120,000 Euro

This Peloponnese renovation property is a  superb traditional stone building in the main square of Ichalia, a small rural village near to Meligalas, some 30 kms north of Kalamata, was for nearly forty years, a famous taverna.. Built in 1928, it has some importance, as one of the few remaining buildings in traditional Messinian architectural style.

Ichalia is 1km. from the small town of Meligalas, where there is a range of shopping facilities and services, whilst at nearby Meropi there is a medical centre.

The property consists of two buildings, on a plot of 500 sq.m. The main building fronts onto the main road through Ichalia and there is a further two storey building in the courtyard.

THE MAIN BUILDING of this Peloponnese renovation property (216 sq.m.) provides three floors, of 72 sq.m. each and has been partly renovated as follows;

New roof
Full restoration of the main structure. The stonework has been sandblasted and re-pointed both inside and out.
New 3 phase electricity supply
New marble window sills
New metal gates to the courtyard
New septic tank
The top floor has beamed ceilings. It is also self contained and has its own external staircase and entrance door.

THE COURTYARD BUILDING; ( 80 sq.m.) has a ground floor of 45 sq.m., a first floor of 35 sq.m. and a garden with a well.

The building has a tile roof and the first floor has been rendered. Further restoration works are required, including plumbing, electric wiring, new doors and windows.

The gardens of some 350 sq.m. contain fruit trees and vines.
PROPOSED USE;
The present owner, who is an architect, planned the redevelopment of the property to include a restaurant and guest house, with the possibility also of private owners accommodation on the second floor of the main building, with further guest rooms in the courtyard building;

The Main Building
First floor and basement; Restaurant / café with kitchens. An internal staircase would be required link the two.
Second floor; Owners accommodation or letting rooms. This floor is large enough to create 4 rooms and high enough, for a further 2 rooms in the loft. Some of these rooms could be used as owner’s accommodation, whilst still retaining some of the letting rooms.

Internal partitioning on all floors could be carried out to meet the requirements of a new owner as to the size and number of rooms.
The present owner is selling because unfortunately ill health means that he can no longer pursue his plans. Having regard to the work already carried out, the size of the buildings and the potential, the price of 120,000 Euro is extremely attractive.

The Courtyard Building
It was intended that the courtyard building be used solely for guest rooms, with two on the ground floor and one on the first floor. The courtyard building, together with the garden can be bought separately at a price of 40,000 Euro and is suitable for use a separate 2 storey house with a private garden.

DEMAND
The new Athens – Kalamata motorway has helped to open up this part of Messinia. There is now demand for both overnight and longer stay accommodation from Athenians and other Greek visitors who enjoy the rural atmosphere and beautiful scenery of the Peloponnese. Similarly the area is becoming popular with tourists from England and other north European countries. Kalo Nero which is 20 minutes away on the west coast of the Peloponnese, has some of the best sandy beaches in Greece, which stretch into the distance and are never crowded even in the height of summer.
At present there is no guest house or B&B to meet this new demand and visitors are having to try and find accommodation in private homes.

ICHALIA
The Old Taverna is situated in Ichalia’s large square, where a popular weekly market is held every Sunday. Ichalia, also has a mini market and a doctors surgery is held in the village twice a week. There is a supermaket and a range of shopping facilities in nearby Meligalas as well as a medical centre.

THE PELOPONNESE
The Peloponnese is one of the last unspoilt regions of Europe. The mountain and coastal scenery is in many places breathtaking. The region is dotted with small villages where life goes on unchanged and where the occasional donkey can still be seen.

Kalamata, the capital of Messinia is a 20 minute drive to the south. Kalamata has an airport which receives flights from most European countries from April to October and scheduled domestic flights from Athens, throughout the year. The flight time from Athens is some 45 minutes. Road connections in the area are excellent with a new motorway having reduced the driving time from Athens to under 3 hours.

Property Features

  • Beamed Ceilings
  • Fruit Trees
  • Garden
  • IDEAL AS B&B WITH DINING FACILITIES
  • Open fireplace
  • well