Suitable for tourism investment
Ideal for theme tourism
Healing thermal waters
30 apartments -bungalows, shops,
Can be upgraded to 5stars hotel
Crete . Heraklion Prefecture. Beachfront land of 160 acres, suitable for tourism investment. The property is situated in a unique and unspoiled location on the south coast in Crete, with many different growth potential. The area is ideal for theme tourism, like health tourism, diving, hiking, rock climbing, agro tourism, religious, archaeological tourism etc. This area is a frequent destination for tourists with natural beauty, traditional taverns, known as a place of healing thermal waters.
Currently, there is work underway to build a 4-star hotel in a beautiful peninsula in the sea.
The maximum of 10,021.20 sqm of buildings ca be constructed, plus basements and verandas. The total capacity is 270 beds.
Currently, the 4-star hotel is in the process of development consisting of:
A building permit is 5,279 sqm of buildings, plus basements and verandas.The total construction consisting of: 60 bungalows with 178 beds, including common areas, reception area, shops and a restaurant.
The construction of half of the buildings has been completed (30 apartments -bungalows, shops). Already have built homes ranging from 25 sqm bungalow (2-3 beds) to 75 sqm apartments (4-5 beds).
The rest of the structure includes 30 additional homes, bungalows, reception area, restaurant and pool
Also, all necessary permits have been obtained from the Forest Service, Archaeological and Tourist authorities.
The current license can be upgraded to 5stars hotel and the current capacity, plus 4,745 sqm and 92 beds.
Distance from Heraklion airport: 73km.
Sale price: 7.500.000 Euros