Investment Property near Chania for sale

Property type: Land, Home
ID: BP911
Land Area:2.157m²
Building Allowance:1.163m²
View:Sea, Mountain, City
700,000€

Property for sale in a privileged location near the city of Chania. The plot measures a size of ​​2,157 sqm in which a three-storey building has been built with a total area of ​​approximately 439sqm. The plot is on a corner and has a face as follows:

  • 25m on the old National Road Chania-Kissamos and
  • 74m on the side road

Located at the highest point of the hill, it enjoys unobstructed sea views and is about 400m from the beach of Chrysi Akti.

Tourist - Commercial Use

The plot has a clear investment character as for purely tourist-professional use it has a building capacity of 1,163 sq.m. Besides, many tourist and hotel businesses have been developed in the wider area.

Today's Status

In its current form the property consists of:

  • Ground floor house with an area of ​​143.40sqm
  • Apartment on the 1st floor with an area of ​​147.65sqm
  • Unfinished apartment on the 2nd floor with an area of ​​147.65sqm

Urbanization of the Settlement

The proposal for the spatial organization of the B1 Stage of the study "Study of the General Urban Plan of Nea Kydonia" under preparation envisages the urban planning of the settlement "Makris Tihos" (inclusion in a city plan). It is noted that this development is extremely important for the property as in this case the plot will ensure much larger building right  (approximately 1,300sqm) for houses. To clarify that until the relevant urban planning study is instituted, the areas within the boundaries of the settlement are built in accordance with the applicable provisions.

Investment Character

This is undoubtedly a property with a large investment perspective. Either immediately with the construction of a hotel or in the future with the construction of houses, the property can provide a significant  return on investment and a quick repayment of the invested capital. However, even in its current form, it can generate - through the rental of the existing apartments - a significant annual income.

Features

ViewSea|Mountain|City|

Location: Chania

Points of Interest

City of Chania3,6km
Chania Airport17,0km
Souda Harbour (Chania)9,1km
Chania Hospital4,4km
Venetian Harbor4,1km

Settlements

Agii Apostoloi1,5km
Daratsos1,9km
Galatas2,9km
Mournies4,4km
Pervolia4,5km

Beaches

Hrisi Akti428m
Agii Apostoli1,3km
Glaros1,7km
Nea Chora2,3km
Stalos3,9km

Cost and Taxes

Asking Price700,000€
Real Estate transfer tax21,630€
Value added tax-
Estimated total ammount for taxes21,630€
Estimated Realtor 's commission17,500€
Estimated Notary 's Fees6,566€
Estimated Attorney 's Fees (optional)10,500€
Total amount for fees (VAT is included)34,566€
Land Registry3,325€
Closing costs-
Total potential expenses3,325€
Estimated Total Buying Cost
759,521€

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Investment Property near Chania | ID: BP911

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