Land Plot for Sale

Interesting plot of 12,700 sq.m. for sale in the area of Plakias. This huge property, according to the town planning regulations, allows for a building capacity of 320 sq.m. for residence and for about 700 sq.m. for professional use. Of course, the fact that it is sloping makes it possible for the basements of the buildings to be used as a residences. There is also the possibility for cave constructions which greatly increase the building capacity. Nevertheless, it needs a topographic survey regarding the possibility of dividing it into three buildable plots which can multiply the building capacity. In the event that this possibility exists, the property would be ideal for a construction company that could create a residential complex there. The view to the sea offered by the property is excellent towards both Plakias and Damnoni. Also the fact that the property includes an entire hill guarantees a 360 degree view which cannot be obstructed in the long term. Certainly this particular property is not addressed to someone who wishes to build a country house. Due to its vast area and the options it gives to the new owner, the main address is to an investor with a long-term plan for investments in the area. Certainly the combination of the initial asking price and future investment creates the need for substantial capital but also the end result can create prospects for excellent future performance. Through development programs and possibly the consideration process the necessary capital can be reduced considerably, while the increase in demand for the area and the adjustments to the asking prices will help the final portfolio to be worth multiple times the investment. Responsible for the listing is Mr. Konstantinos Μoullos, 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.