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Seaview hotel development land, Tholos, Crete
Ierapetra, Greece
REF: 701237
€990,000
Description
Very large plot of land, nicely positioned on the slope of the hill, just a few hundred meters to the east of the beach and bay of Tholos, North-East Crete. From its elevated position at about 100-180 meters above sea level, the land enjoys breathtaking, uninterrupted views of the sea all across the Mirabello Bay, the island of Psira and the hills and mountains. The total area of the land is 35059 m2 of which 28541 m2 are free of forestry and buildable. It is possible to get a tourist development license for this land for the construction of a hotel resort or holiday apartment complex of up to 5700 m2. The land has road access and services (electricity, water and telecommunication lines) are nearby and easy to connect to. In walking distance (about 700m) to the nice beach of Tholos, which has sunbeds and umbrellas during the summer season. There is also a canteen operating at the beach and a small harbour where you can tie your boat. The nearby village of Kavousi is a 5-minute drive from the plot. You will find a few nice restaurants and cafeterias in the village as well as shops (including small supermarket) for basic needs. Agios Nikolaos, the provincial capital of Lasithi, is approx. a 25-minute drive away from the plot and offers all the amenities you would expect to find in a big modern tourist town. Ierapetra, the second largest town in the province, located at the south coast of Crete, is approx. a 15-minute drive from the plot. The international airport of Heraklion is about a 70-minute drive away.
Very large plot of land, nicely positioned on the slope of the hill, just a few hundred meters to the east of the beach and bay of Tholos, North-East Crete. From its elevated position at about 100-180 meters above sea level, the land enjoys breathtaking, uninterrupted views of the sea all across the Mirabello Bay, the island of Psira and the hills and mountains. The total area of the land is 35059 m2 of which 28541 m2 are free of forestry and buildable. It is possible to get a tourist development license for this land for the construction of a hotel resort or holiday apartment complex of up to 5700 m2. The land has road access and services (electricity, water and telecommunication lines) are nearby and easy to connect to. In walking distance (about 700m) to the nice beach of Tholos, which has sunbeds and umbrellas during the summer season. There is also a canteen operating at the beach and a small harbour where you can tie your boat. The nearby village of Kavousi is a 5-minute drive from the plot. You will find a few nice restaurants and cafeterias in the village as well as shops (including small supermarket) for basic needs. Agios Nikolaos, the provincial capital of Lasithi, is approx. a 25-minute drive away from the plot and offers all the amenities you would expect to find in a big modern tourist town. Ierapetra, the second largest town in the province, located at the south coast of Crete, is approx. a 15-minute drive from the plot. The international airport of Heraklion is about a 70-minute drive away.
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Property on Map
Currency Exchange
Ierapetra, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £815,661 | £850,856 | £35,195 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £815,661 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,195 |
Ierapetra, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £815,661 | £850,856 | £35,195 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £815,661 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,195 |
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 £35,195 more.
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