Building for Sale

For sale: Traditional stone-built property in Plakes, Milos, currently consisting of two independent ground-floor apartments with a shared courtyard. The property is located on a 313 sq.m. plot, while the existing stone-built structure is approximately 130 sq.m., with Cycladic architectural elements. A valid building permit has already been issued for the restoration of the existing building, the addition of an upper floor, and the total development of up to approximately 250 sq.m., in accordance with the approved architectural plans. Based on the approved permit, the project allows for the development of up to five independent apartments, three on the ground floor and two on the upper level and parking spaces making the property particularly attractive for investment purposes. The approved plans also include the construction of a swimming pool in the outdoor area, as well as on-site parking. In addition, a municipal public parking area is located very close to the property, significantly enhancing accessibility and convenience. An excellent investment opportunity in one of the most authentic and sought-after areas of Milos, ideal for the creation of high-quality residential or hospitality units.