Land for sale in Karystos

Description:
This expansive 50000 sqm land plot offers a unique investment opportunity in the enchanting setting of Greece. Due to specific building regulations and planning considerations, the land can be utilized for two primary purposes:

A) Development of holiday homes for sale or rent: With a potential division into eight parcels, this option allows for a total construction of 2080 sq.m. The investor may also explore the possibility of optimizing the layout to accommodate up to ten parcels, albeit with limited additional square footage. Alternatively, the urban planning right permits the construction of a single building reduced by 15% (1768 sq.m.) following the submission of a subdivision study.

B) Tourist accommodation - residences for tourist exploitation: In this scenario, division is deemed unnecessary as the legislation allows for construction up to 20% of the land size, amounting to 11,600 sq.m. Special regulations mandate that for each square meter beyond 8,000, half of the excess area (1800 sq.m.) must be allocated to the local Municipality for communal use. Notably, properties developed under this category cannot be sold as private residences.

The prime location of the land, coupled with the presence of a rear road facilitating greater division, enhances the attractiveness of this investment opportunity. Embracing the serene coastal backdrop, the potential for upscale residences and tourist accommodations makes this land plot an ideal canvas for realizing innovative and profitable projects within the bounds of the regulatory framework.