Land Plot for Sale

Executive Summary Asset Type: Shovel-Ready Residential Development – Alimos, Athens Riviera Location: Artemidos 10, Alimos (Kalamaki) Plot Size: 331 sq.m. Zoning: Residential – inside city plan Permit Status: Approved & valid Asking Price: €735.000 Investment Thesis: A ready-to-build residential asset in the Athens Riviera, offering immediate execution, optimized buildable area, and attractive developer returns in a supply-constrained submarket. Location & Context Quiet residential street, inside the block ~850 m from the sea & Alimos Marina Low noise – high privacy Strong demand from end-users (families / high-income buyers) Planning & Permit Plot area: 331 sq.m. Building coefficient: 0.80 Approved buildable area: 394 sq.m. above ground 70 sq.m. semi-basement Corner plot, 12 m frontage 3 parking spaces approved Key Advantage: Permit included – no zoning, licensing or timing risk. Development Concept Base Permit 2 high-end maisonettes Private outdoor areas Swimming pool Alternative Concept 2 maisonettes (≈150 sq.m.) 1 garden residence (≈95 sq.m.) Faster absorption – reduced pricing risk Financial Snapshot (Indicative) Total Project Cost (incl. land): ~€1.65–1.70M Expected Sales Value: €2.25–2.45M Target Gross Profit: €550–700k Estimated ROI: 30–40% Timeline: 24 months Exit & Buyer Profile Target end buyers: upper-middle / high-end families Demand drivers: proximity to sea, new construction, privacy Exit strategy: unit sales (not rental-heavy) Summarizing Statement This is not raw land. It is a time-efficient, de-risked residential development opportunity in one of Athens’ most stable micro-markets. Full documentation available upon request.