Living Room: N/A
Study / Office: N/A
Building Surface Area m²: 3.900
Total Lot Size m²: 16000
Physical Condition: Renovation & Development
Residential Area: No
Full Description: A 5 star opportunity to buy a magnificent front line building plot for the development of an exclusive, sequestered sea-side hotel on the island of Lesvos in the Northern Aegean.
The plotâ€™s size, its proximity to the sea, secluded location and boat moorings offers a superb and increasingly rare investment scenario.
There is a burgeoning demand for higher quality accommodation on Lesvos . New laws on Lesvos now stipulate a minimum plot size of 15,000 m2 for hotel development.
If developed as a complex of shared-ownership luxurious condominium style suites, a very high return could be achieved.
The plot measures 16.000m2 and would support a hotel of 3,900m2 on two floors plus a semi-basement the same size as the ground floor. The total build area would therefore be in the region of 6,000m2.
The landâ€™s natural, gentle topography optimizes building costs for such a development. There would be ample room for swimming pools, tennis courts, parking and perhaps a helipad. Also there is the opportunity to develop an entertainment area (artificial beach, pool, taverna, bar etc.) at sea level with "private" moorings, a landing facility and secluded fishing.
The site occupies an elevated position some 30 metres above the sea and slopes gently toward the sea with which it boarders on two sides. A strip of rocky land lies between the property and sea. This strip of land cannot be built upon so the wonderful views toward the sea from the landâ€™s elevated position cannot be compromised by future development.
The vendor holds certificates which confirm that the land is neither â€œforestryâ€ nor of any archaeological interest and thus can be developed.
The vendor holds clear and unequivocal title to the land. Electricity runs along the northern boundary of the site. The mains water supply is only 200m away.
Prefecture: Lesvos Island
Area Code: 81102
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Status: For Sale
Special Offer: No