Crete Investment Property For Sale

The land for sale is overlooking the town of Rethymno with its "Fortezza", and has panoramic views of the sea - reaching from the Bay of Souda until Skaleta - and of the highest mountains, the Psiloritis and the Lefka Ori.

The main road of the area is just in a distance of 800m, and the access to this development land is only the last 200m unpaved.

The owner of the land has obtained for 177.000m² of the land the forestry permit, whilst the rest of 51.800m² is protected and may not be constructed on but can be used for farming or as recreation area. The next services (water, electricity and phone) are approx 500m away.

The land is suitable for the establishment of a luxury hotel resort as well as for the construction of luxury villas, or even for the creation of a village according to ÐÅÑÐÏ.

Owners have already started the procedure dividing the entire land into forty (40) residential plots of each 5.400m², with a building density of each 228m² plus 162m² basement areas; resulting in a total building density - 9.120m² plus 6.800m² basements.

For the commercial usage the building density is calculated with a ratio of 0,2 = 45.800m² excluding basements.


Location:

The close by village of Mikra Anogia, is just 3,5 km away from the centre of Rethymno town and its port and beautiful sandy beaches. The nearest beach is 1,5km away and the nearest super market and tavern approx. 1km.
Due to the central location of the village, it can be used as a starting point to several excursions like the Monastery of Arkadi, the ancient Elefterna, the caves of Zoniana, Melidoni and many walks in the countryside and the mountains.


Why Greece?

* It has strict build density regulations, which will avoid major developments in future and thus overbuilding
* Only 3½ hours from London and many European cities making it a viable weekend break holiday destination
* Voted by the Lonely Planet Guide 2010 as one of the top 10 countries in the world to visit

Price (Euros) 6000000

Land area (m²) 228800

Sea View yes

Mountain View yes

On Hill yes

Distance to airport, km 68

Distance to beach, km 4

Town Distance, km 4