Land for sale in Geropotamos, Rethymnon

€ 1,000,000

Mun. unit of Geropotamos, Mylopotamos, Rethymnon, Crete

The property is located in the seaside village Panormos of the municipal unit Geropotamos in the municipality Mylopotamos, 25 minutes' drive from the center of Rethymnon city and about 55 minutes from the city and the airport of Heraklion. It is also just 200 m from the sea and 400 m from a sandy beach. In the center of the village, which is a short walk away, you will find supermarkets, pharmacies, bakeries, many traditional taverns, small bays with facilities and gray sand as well as paved alleys with tourist shops.

The plot is in the city planning zone of the area. After the application of the plan and the construction of the roads the property will be divided into two sections of 6,221 m² and 1,244 m². The two parts will be separated by an 8 m wide road and will be about 10 m away from an open square. The larger of the two sections occupies almost an entire building block and has frontages on three sides towards the sea. It can also be divided into 7 almost rectangular, buildable, separate sections. The smaller of the two sections will be corner and almost rectangular. The plots have a gentle slope and nice sea views. They also have high building ratio and cover rate of 60%. The coastal front of the area has seen growth and attracts a lot of tourists every year. The purchase of property is suitable for the construction of a lodging unit or a residential complex, which may be rented or resold.