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Description:

This rare piece of land is situated in a touristic area of the prefecture Laconia, that is characterized by its very shallow waters and its golden sand beach. The plot covers 14,030 sq.m and is bordered on it's one broadside with 37 mtrs to the main road on it's other broadside with 35 mtrs directly on the local sandy beach. The plot is flat and planted with productive olive trees of the variety "Kalamon" table olives.

The land plot comes with completed economotechnical and architectural studies. The approvals for the suitability of the land and the architectural plans, in order to build a four stars hotel of type "furnished apartment", with a capacity of 23 apartments and 55 beds, have already been obtained of the competent authority GTO. Also the approval for a total investment cost of 3,300,000 €, with a grand amount of € 1,980,000 (60%), own contribution € 831,600 and a bank loan of € 488,400 according to the Development Law has been given.

The hotel is designed to have two-floor maisonettes. The total floor space of buildings is 1,391 sq.m.

Supply lines for water, electricity and telephone are located in the immediate vicinity of the property.