Land Plot for Sale

Interesting plot of 1140 sq.m. with building capacity of 400 sq.m. within the settlement limits of Somatas village is for sale. The area of Somatas is emerging as a residential area in the recent years. Its proximity to Rethymno city (8-10 minutes car ride) allows someone to live in Somatas and work in Rethymno The view of the plot is very nice and amphitheatrical and it reaches to the see to the north, to the imposing White Mountains (Lefka Ori) to the west and the wild Psiloreitis (Mount Ida) to the east. This plot can serve multiple purposes. The potential buyer can build their prime residence, their second home or just build houses for touristic exploitation. Moreover the high building density can allow someone to build a primary residence and other houses for long or short term rentals. The price of the property is such, in correlation with the building capacity, that it doesn’t burden the construction cost more than 170 euros which makes is a rare number for an area with such great potential. This fact could make it an interesting opportunity even for small construction companies. Finally this plot offers the opportunity to someone that wants to deposit some money in real estate and be rest assured that the property will constantly increase its value due to the inevitable residential development of Somatas. Minor earthworks have already taken place on the property which will save some money for the prospective buyer and/or developer. Moreover a building study has taken place and it will be available upon expressing interest. Responsible for the listing is Mr. Konstantinos Moullos, licenced realtor with General Commercial Registry Number (GEMI) 349607. Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.