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Agent Details

Ktimatoemporiki Real Estate

Ktimatoemporiki Real Estate

Chania, Chania, Ταμπακαριά

Personal Information

Contact Number

+302821056600

G.E.M.I Number

ADS2342344

Telephone Number

6995554195

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Invest on Land in Crete. ID 03-1223

Palaiochora, Greece

€6.000.000

Description

Invest on Land in Crete. For investment purpose - 3.000.000m² located at the southwest tip of Crete, facing the Libyan Sea, and offering spectacular panoramic views of it... The mainly rocky land sale is suitable for a high standards hotel with its own heliport, golf course, riding centre, agricultural development, car tracks as well as convention centre. For 500.000m² of the entire land the permit of the forestry department is already approved, and for another 500.000m² the procedure is already commenced. Commercial Use of the building density : Option 1 - using 500.000m² for tourist installation, with a ratio of 0,2, results in a total building density of 100.000m² Option 2 - using 40% of the above mentioned building density (40.000m²) for the construction of residences, which can be sold immediately. And - using 60% of the above mentioned building density (60.000m²) for the erection of a hotel, which could be sold after the first five (5) years of ownership. These options will also apply to the other 500.000m² once the forestry permit is granted. Paleochora is 77km from Chania on the road Chania - Tavronitis - Voukolies - Kandanos - Paleochora. The town of Paleochora is behind the castle on a small peninsula. There are also many Byzantine churches in the area. Although it is rapidly growing as a tourist centre, it still retains much local colour. The main street is shut off to traffic during the summer evenings and the restaurants and activities of the town extend into the street. On both sides of the peninsula there are public beaches that have long, wide stretches of sand. There are also many hotels and restaurants of all classes. Paleochora can be a base for many excursions in the area around.

Detailed Information

Category

Land

Prefecture Name

Kandanos-Selino

Municipality

Chania

Location

Palaiochora

Address

Palaiochora, Greece

Property For

For Sale

Subcategory

Land

Plot Size

3000000.00 m²

Price

€6.000.000

Maintenance

Contact agent for pricing

Security Deposit

Contact agent for pricing

Brokerage

Contact agent for pricing

Price Duration

Monthly

Calculate Financial Summary

Monthly Payment

€ 40.295

Principal Amount

€ 3.250.000

Total Interest Payable

€ 1.585.442

Total Amount Payable

€ 4.835.442

Payable Breakdown

Principal

67%

Interest

33%

This is an approximate calculation. Actual monthly payment values may vary depending on the lending institution.

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