#1316
A profitable investment in a beautiful and well known place Location: Elounda
8.500.000€
FACILITIES
Description
Up on a hillside, with amphitheatrical view to the city of Agios Nikolaos and the Mirabello bay, this plot is located. Another asset concerning its location is that the particular area is designated as “private town planning” which has all the allowances and approvals by the state authorities. The whole process has already started by obtaining the initial permits (feasibility and environmental study, road connections etc.) and the architectural study is in progress. The plot area is currently 80.000 square meters. After the completion of the town planning, about 40% of the plot will go towards the construction of roads and common areas, and 60% will remain for the construction of the villas and houses. This means 48.000 square meters will have the permit to build 11.520 square meters of buildings, plus verandas, plus basements. This results to 100 up to 120 houses, depending on the architectural design. Time required for the completion of the private town process: approximately 18 months. A license has also been issued and 2 luxury villas have been built on a small part of the plot as a 'pilot project' with very good results in sales prices and demand. Elounda is considered a cosmopolitan place that attracts visitors from all over the world. The amenities of the area are more expensive than the rest of the island and therefore appeal to a wealthy world. The very beautiful beaches such as Plaka, the surrounding area, the developed amenities are some of the elements that make the general area particularly well known.
Selling Price:
8.500.000€
COST & TAXES
Estimated Total
Buying Cost
| Asking Price | 8.500.000€ |
|---|---|
| 3% Transfer Tax | 255.000€ |
| 3% Notary / Land Registry | 255.000€ |
| 2.5% Real Estate Fees (not inc. VAT 24%) | 212.500€ |
| 2% Estimated Lawyers's Fees (optional - not inc. VAT 24%) | 170.000€ |
| Total potential expenses | 892.500€ |
LOCATION
Elounda
Elounda is a place-name that is easy to pronounce, but difficult to describe. It is a place that can only be experienced personally, to live forever thereafter in your dreams. Elounda is located in east Crete, 10km north of Agios Nikolaos, near the northwest side of the bay of Mirabello. The area is a renowned tourist resort with luxurious hotels for the most expensive tastes. The small town of Elounda is built on the edge of the idyllic lagoon of Korfos Bay, which is formed between the Spinalonga Peninsula and Crete. Spinalonga is one of the landmarks of Crete. It is known for its small pebbled beaches and its shallow waters. The island is easily accessible by boat from Elounda. Apart from its glamorous character, Elounda has some of the most beautiful landscapes in Crete, landscapes that are highly dominated by the majestic small beaches of Elounda. The most popular beach of the area is located east of Elounda, in Skisma area. The beach is adjacent to the harbor and is very well organized by the local municipality. Here you can swim next to small hotels and taverns of Elounda. The beach is sandy and the water is always calm due to the tranquil lagoon of Korfos. Apart from the classic provisions (umbrellas, showers, etc.), there are facilities for beach volley, a playground and water sports.
DISTANCES FROM
AIRPORT:
70km
PORT:
74km
HOSPITAL:
10km
SHARE
Up on a hillside, with amphitheatrical view to the city of Agios Nikolaos and the Mirabello bay, this plot is located. Another asset concerning its location is that the particular area is designated as “private town planning” which has all the allowances and approvals by the state authorities. The whole process has already started by obtaining the initial permits (feasibility and environmental study, road connections etc.) and the architectural study is in progress. The plot area is currently 80.000 square meters. After the completion of the town planning, about 40% of the plot will go towards the construction of roads and common areas, and 60% will remain for the construction of the villas and houses. This means 48.000 square meters will have the permit to build 11.520 square meters of buildings, plus verandas, plus basements. This results to 100 up to 120 houses, depending on the architectural design. Time required for the completion of the private town process: approximately 18 months. A license has also been issued and 2 luxury villas have been built on a small part of the plot as a 'pilot project' with very good results in sales prices and demand. Elounda is considered a cosmopolitan place that attracts visitors from all over the world. The amenities of the area are more expensive than the rest of the island and therefore appeal to a wealthy world. The very beautiful beaches such as Plaka, the surrounding area, the developed amenities are some of the elements that make the general area particularly well known.
