Land Plot for Sale

Plot of land within the settlement of Gerani with a total area of ​​2,330 sq m., for sale. These are two horizontal and two vertical properties to be merged. After the merger, the property shall offer a building capacity of 800 sq m. The property will be sold as one and no offers for smaller parts will be accepted. The purchase of the plot at the initially requested price burdens each buildable square meter with 400 euros/sq m., a price particularly satisfactory for the location of the property. Within one vertical property there are uncovered buildings with a total area of ​​about 60 sq m. The plot is located in the center of the settlement and gives the possibility of creating even a small hotel unit as it offers great building potential. With the prevailing situation in off-plan building, properties located within the settlement acquire greater value as they offer guaranteed building capacity. This particular property offers views of the wider rural area and the settlement of Gerani, while a possible two-story building will also offer sea views from the upper floors. Gerani has gained particular residential interest in recent years as its proximity to Rethymno (7 km) has turned it almost into a suburb of the city. Access via the Northern Road Axis of Crete (VOAK) allows one to get from Gerani to the city in about five minutes, which allows someone who works in Rethymno to live in Gerani and go to the city for work. In conclusion, the great building capacity of the plot turns it into a multipurpose property and an investment opportunity as the new owner can exploit it in various ways. He can build his private residence and additional residences which he can exploit either in long-term or short-term lease. He can also build various houses and sell some of them, thus essentially earning the money needed to build his own house. Finally, this is a good investment opportunity for a developer who is looking for a plot of land with guaranteed, high building potential in an area with particularly high demand as his next construction project. Responsible for the listing is Mr. Konstantinos Μoullos, licenced realtor with General Commercial Registry Number (GEMI) 3469607. Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.