For development

Agios Nikolaos, Plaka, Large Land For Sale, 12.000 sq.m., View: Unlimited, Features: For development, For Investment, For investment, Price: 1€. ΣΑΡΙΔΑΚΗΣ ΙΚΕ, Tel: 28210 28801, 28310 30900, email: [email protected]

The total size of the plot is 47,000 sq.m. It is located in the traditional fishing village of Plaka with a beautiful view of the sea and the famous Medieval fortress Spinalonga. It is also very close to the famous resort of Elounda with the most luxurious and luxurious hotels in Greece.

Approximately half of the plot is within the extensive town planning scheme of the village, which means that many square meters can be built.

PLOT WITHIN THE CITY

The process of extending the urban plan is in the final stage and will be approved by the Ministry of Environment in the coming months.

After the approval of the plan and after the construction of the roads inside the plot, the total surface that will remain will be 13,350 m², divided into 6 or 7 blocks of buildings.

Subsequently, building permits up to 8,010 sq. Meters can be issued. buildings, as well as terraces as well as basements. This leads to 80 or 100 homes, depending on the architectural design.

Today we have issued a building permit for 4 traditional houses and started construction as a "pilot project" with very good results in sales prices and demand. The selling price per square meter ranges from 2,700 to 3,100 euros.

PLOT WITHIN THE CITY

The plot outside the city's plan is a total of 21,360 m². This plot can be used in two ways. Either it can be divided into 5 plots of approximately 4,000 sq.m. each to build 5 or 10 luxury villas with swimming pools and large gardens. Or it can be developed as a "traditional village" bungalow.

Right now we have chosen the second option (traditional village) and we have begun to construct the architectural plans and have obtained the initial permits required for the hotel.

As a hotel we can build 4,272 m², along with terraces, as well as basements. 30% of the hotel (1,282 m²) can be sold to individuals. The remaining buildings can be sold with long-term lease (99 years) or operate as a regular hotel.