Investing in Crete Building Land

About this property

Investing in Crete Building Land. Approx. 500m², set above the settlement with unobstructed views of the bay of Sitia and the surrounding area.... The land for sale is in an approx.

distance of 500m to the village, 4,5km from the centre of Sitia on the road towards Palaikastro (Vai), and 850m from the Cretan Sea. This is a unique, hard-to-find piece of hillside land at eastern Crete, ideally suitable and ready for an exclusive, self-contained small residential development. 100m² (net) each. A winding private uphill road separates the plots for sale and links each of them with a public road at the foot of the hill and the entrance of the estate.

All plots have stunning eye-from-the-sky views to Sitia bay and beyond and to the hilly olive groves on the opposite side. The land belongs to an Athens lawyer and his wife and is immediately transferable. It has crystal-clear title following years of personal legal work by the owner, with final forestry clearance and no archaeological restrictions. Final planning permits (one for each plot) have been obtained and construction may begin immediately with no other requirements.

The permits provide for twelve fully detached villas (two on each plot) of approximately 100m² plus 80m² basement each and can be revised to suit different preferences such as a larger single villa of 200m² plus basement, a single villa with a small guesthouse, more smaller semi-detached houses, one or two swimming pools on each plot etc. Public utilities are available in the immediate vicinity. 000 Euros Each of the plots can be sold separately. Individual prices available on demand.