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Exceptional Hotel Development Site For Sale in Thassos, Astris Greece Magnificent Site For A Seaside Hotel Asking Price: 795,000 € (Negotiable) A wonderful 19,549 sq m front line seaside building plot for sale on the island of Thassos in the Northern Aegean. This plot offers a superb and increasingly rare investment opportunity enabling the buyer to exploit the beleaguered Greek property market in turbulent economic times.
The property’s large size, proximity to the sea, secluded location and boat moorings is a unique combination and provides many options. It is ideal for the development of a luxury sea-side hotel, a small residential estate or could be held as an investment asset for deferred profit realization.
It is an exceptionally beautiful plot of land, set in quiet countryside with a direct sea frontage. Nothing can ever be built between the land and the sea. The vendors are willing to allow a potential buyer to obtain planning approval for their development before completing the purchase. This will minimize the purchaser’s risk and initial outlay. The vendors have now retired and wish to realize their investment. If the asking price is achieved, the vendors will have seen a year on year gain of 11% in the land’s value during the 25 years they have owned the land. The asking price is a 35% reduction on an independent valuation carried out in 2008 and truly reflects current market values.
The land’s natural, gentle topography minimizes the amount of terrestrial modeling required and optimizes building costs for any development. The plot is elevated approximately 30m above the sea and would support the development of a sea-side hotel of up to 7,820 sq m. or a complex of fractional ownership luxurious condominium style suites occupying a similar sized footprint. There is ample room for swimming pools, tennis courts, parking and perhaps a helipad. With the extension of the EEC and in particular the Balkan and Eastern European states, there is a growing demand for additional superior hotel accommodation on the island of Thassos. This is illustrated by the recent opening of a number of new 4 and 5 star hotels. The plot’s value is enhanced by new building regulations on Thassos which stipulate a minimum plot size of 15,000 sq m for hotel development.
As a bonus the vendor will give the purchaser, free of charge, an additional plot of 1,017 sq m situated below the main plot on its south side directly next to the sea. This gently sloping oasis nestling within the rocky coastline provides the opportunity to develop a private entertainment area: perhaps an artificial beach, an infinity pool, a bar and BBQ area, a hidden summer house with secluded bathing in crystal waters. The options go as far as the imagination.
The vendors hold certificates which confirm that the land is neither “forestry” nor of any archaeological interest and thus can be developed. The vendor holds clear and unequivocal title to the land. Electricity runs along the northern boundary of the site. The mains water supply is on the main road which circles the island and is only some 200m away.
Alternatively the plot could be divided into four separate building plots which would allow for the development of up to 1,740 sq.m. of domestic housing. A wonderful villa of up to 400 sq m can be built on a plot of 4,000 sq m. As the new owner of the whole plot, you could choose the exact location within the plot for your dream villa. The remainder of the plot could then be divided to provide plots for 3 further large luxury villas enabling the developer to recoup his building costs for the whole development. The buyer would then own a large luxury villa, designed and built to his own specification, in a superb location next to the sea at a zero net cost.
The land is close to the village of Astris on the southern side of Thassos and benefits from the best climate on the island. Access from the mainland is via ferry boat to either Thassos town or Prinos. The ferry from Keramote on the mainland to Thassos town takes 35 minutes. Keramote is a short 15 minute drive from Kavala's International Airport.
More information about Thassos can be found at the web sites thassos-island and go-thassos
Price €795,000
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 | | About This Property | |
| Category: | | Hotels | | Address: | | Thassos
Astris
Greece | | For Sale By: | | Owner | | Construction Year: | | n/a | | Area: | | 19,549 m2 | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| | Pictures (click to view a larger image) | |
| | Contact - More Information | |
| | Martyn Nicholls | | | | Phones: | | 302510441762
306944892233
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