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Rural building land, panoramic sea views
Agios Nikolaos, Greece
REF: 617013
€600,000
Description
This particular plot has a total building capacity of 2080 m2 (basement not included) and is suitable for residential development. It is a corner plot, having access to a municipal road of about 130 m, giving us the possibility to separate it into: 4 individual plots (1-4) each of which is about 720 m2 in size and can build a villa or villas of a total of 400 m2, on two floors (plus basement) and 2 plots (5-6) each of which can build a villa or villas of a total of 240 m2, on one or two floors (plus basement). The area of the land which is not covered by buildings can be used for making swimming pools, terraces, pergolas, patios, parking spaces, garden areas etc. It is also possible to get a tourist development license for this plot in which case a hotel or holiday apartment units of up to 1830 m2 + basement can be built on it. The land enjoys magnificent views of the countryside and the sea below. It faces Northwest thus having an excellent view of the sunset. Electricity, water and phone lines with broadband internet are right on land. Road access is good quality asphalt road. The village itself is very small, traditional and tranquil. It has very few permanent residents and also offers the use of two local taverns. A new development has finished last year in the same area of the plot, consisting of about 20 2 and 3 bedroom villas with individual pools. It had a very successful operation up to now. More shops, tavernas, coffee shops, bars and a small fishing port you can find in the neighboring village of Milatos, a 10-minute drive away. For main shopping weekly there you have the towns of Neapoli and Malia, 15 minutes away. Agios Nikolaos, the capital of Lasithi, is a 20-minutes drive away and offers the full range of amenities you would expect to find a large modern tourist town. The international airport of Heraklion is 40 minutes away.
This particular plot has a total building capacity of 2080 m2 (basement not included) and is suitable for residential development. It is a corner plot, having access to a municipal road of about 130 m, giving us the possibility to separate it into: 4 individual plots (1-4) each of which is about 720 m2 in size and can build a villa or villas of a total of 400 m2, on two floors (plus basement) and 2 plots (5-6) each of which can build a villa or villas of a total of 240 m2, on one or two floors (plus basement). The area of the land which is not covered by buildings can be used for making swimming pools, terraces, pergolas, patios, parking spaces, garden areas etc. It is also possible to get a tourist development license for this plot in which case a hotel or holiday apartment units of up to 1830 m2 + basement can be built on it. The land enjoys magnificent views of the countryside and the sea below. It faces Northwest thus having an excellent view of the sunset. Electricity, water and phone lines with broadband internet are right on land. Road access is good quality asphalt road. The village itself is very small, traditional and tranquil. It has very few permanent residents and also offers the use of two local taverns. A new development has finished last year in the same area of the plot, consisting of about 20 2 and 3 bedroom villas with individual pools. It had a very successful operation up to now. More shops, tavernas, coffee shops, bars and a small fishing port you can find in the neighboring village of Milatos, a 10-minute drive away. For main shopping weekly there you have the towns of Neapoli and Malia, 15 minutes away. Agios Nikolaos, the capital of Lasithi, is a 20-minutes drive away and offers the full range of amenities you would expect to find a large modern tourist town. The international airport of Heraklion is 40 minutes away.
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Property on Map
Currency Exchange
Agios Nikolaos, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €600,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €600,000 | £496,986 | £515,670 | £18,684 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £496,986 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,684 |
Agios Nikolaos, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €600,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €600,000 | £496,986 | £515,670 | £18,684 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £496,986 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,684 |
The exchange rate on the day you make an offer on your property in Greece will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £18,684 more.
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