Land Plot for Sale

The property is a 7,146 sq.m plot of land, WITH BUILDING PERMIT ready for the construction of three luxurious villas of 120sqm each plus an undercut of a 40sq.m, each with private swimming pools. Here are the key highlights: Active Building Permit: Fully paid and approved. Utilities On-Site: Fully paid private electricity and water supply installations already installed . Architectural Excellence: A comprehensive and completed architectural design by renowned architect Lila Galata (http://****.**-item/house-complex-meganisi), known for iconic luxury projects such as NAMOS in Mykonos and Courchevel. Site Preparation: Land already excavated and shaped for internal roads, aligned with the design. Unmatched Views: Stunning panoramic views of the legendary Scorpios Island, and the mythical Ithaca Island. The project’s financial overview: Land value 7,146 m² with building permits +Architectural design and execution drawings/study ready to build + Water & Power Supply connected + initial excavations completed, ready for site shaping and semi-underground (undercut) Budgeting for Construction : 3 villas Construction cost: €950,000- €1,150,000

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As Valued by Banks- upon construction completion: Estimated Liquidation value -based on which banks will base their collaterals request for financing it -and which is lower than the fair market value : €3.2mil Upon construction completion:Estimated Commercial fair market value :€5.9mil For SALE : €950,000