Land for sale in Rethymnon

€ 900,000*

Mun. unit of Rethymnon, Rethymno, Rethymnon, Crete

The land is just 5 minutes' drive south of Rethymnon city on a hillside with a slight slope, from where offers excellent views of the sea and above a verdant canyon. It has a frontage on the provincial road to Rethymnon-Spili, in an area of high commercial value with several business buildings. It is also just a few meters from the junction of the northern highway of Crete, from where you can go to the cities of Chania and Heraklion within about 1 hour's drive.

The entire plot has been classified as agricultural by the forestry department and is divided into two parts. A section of 18,987 m² is located in a specially protected area for its natural environment and has building restrictions. The remaining part, which has an area of 30,368 m², is fully usable and you may construct a hotel, warehouses, shopping center or any other business premises. The usable part is also in the zone of expansion of the city plan of Rethymnon. Therefore, the property constitutes undoubtedly a very good investment.