First-line-in-the-sea development land

Agios Nikolaos, Greece

For Sale

€2,250,000

REF: 960907 €2,250,000

Floor Size
34023 m²

Plot Size
34023 m²

Description

Large first-line-on-the-sea development land of 34,023 m2, nicely positioned at the coast of the beautiful Mirabello Bay, between Istron and Pahia Ammos, about 15 minuts from the provincial capital Agios Nikolaos. It enjoys unobstructed views of the...

Large first-line-on-the-sea development land of 34,023 m2, nicely positioned at the coast of the beautiful Mirabello Bay, between Istron and Pahia Ammos, about 15 minuts from the provincial capital Agios Nikolaos. It enjoys unobstructed views of the sea, the mountains and breathtaking moon- and sunrises.

It is possible to get a tourist development license for this land, allowing the construction of a hotel or holiday apartment complex of up to 6800 m2. Alternatively, it is allowed to build individual houses / villas of up to a total of 736 m2, built on one or two floors, plus basement. Plenty of area would be left to make swimming pool(s), terraces, pergolas, parking space, garden, tennis court, etc.

The land has good road access and electricity, water and phone lines with internet are present. There are several organized sandy beaches, some of the best in North-East Crete, in short driving distance from the land. The large town of Agios Nikolaos is only about a 15-minute drive to the north. About a 55-minute drive to the international airport of Heraklion.

Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 40 mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round. Although Agios Nikolaos has a population of less than 20,000 it has several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a modern European town.

The microclimate is one of the best in Greece and the moderate temperatures rarely exceed 30c in summer or fall below 15c in wintertime. This wonderful dry climate together with the natural beauty of the area has attracted most of the high class hotels of Greece to operate here.

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Property on Map

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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 €2,250,000 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
€2,250,000	£1,853,775	£1,953,203	£99,428

Property Price €	€2,250,000
Minimum cost in the last six months	£1,853,775
Maximum cost in the last six months	£1,953,203
Fluctuating exchange rates over the last six months could have increased the cost of this property by	£99,428

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 €2,250,000 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
€2,250,000	£1,853,775	£1,953,203	£99,428

Property Price €	€2,250,000
Minimum cost in the last six months	£1,853,775
Maximum cost in the last six months	£1,953,203
Fluctuating exchange rates over the last six months could have increased the cost of this property by	£99,428

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 £99,428 more.

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