FOR SALE 2.500.000€ - Land, Within Urban Planning Zone
Property Details
- Property Code: 23287
- Property Type: Land
- Size in sq.m.: 20000
- Price: 2500000 €
- Area: CRETE
- Location: RETHIMNO
- Building Factor: 0.00
- Building Permission for m²:
- Front Side in m.:
- Depth in m.:
- View: View
- Comments: This unique piece of land size of 20.000sm in Panormos Crete , consists of a 5.500sm complex of buildings – a former hotel building- suitable also for a total reconstruction. An excellent investment opportunity: * as a piece of land for any purpose, * for reconstruction of a 5*hotel with approximately 150 hotel rooms capacity, pools, restaurants, wellness areas, and sports fields * Or for re-arrangement and reconstruction as a luxurious residential complex (of summer villas and apartments ) The location offers beautiful open views to the sea and the surroundings , easy access to the airport by the main National road, shops , restaurants and beaches within a 10min. walk . Description : the Buildings measures 5.500sm in total. It was constructed and fully operating as a Hotel between 1990-2000 , and consists of : a 2-storey main building with 40 hotel rooms , restaurants, 2 pools and a wellness area, plus 40 rooms in smaller individual buildings , therefore 80 hotel rooms in total and approximately 2.000 s.m. common areas . The building can be fully reconstructed as a 5*hotel of 150 hotel rooms or as a Residential Complex (of villas and apartments) . Estimated Reconstruction Cost : 9—10.000.000€ . Suitable also for funding by Government Development Projects for Tourism. Location: 800m from the sea, 1km form Panormos village (.a small seafront tourist village ) , 3min from the National Highway Rethimnon-Heraklion offering easy access to the Airport and Port of Heraklion-Crete , 22km from Rethimnon city. A few words for the area of Panormos : Small, quiet and charming, Panormos was originally a fishing village and the heart of the village has retained its traditional feel but with the added benefit of a few tourist amenities.The village spreads out along the coast enclosing two bays and a working harbour and is set on a slight hill. The centre of the village is behind the harbour and has some attractive historic buildings and tavernas as long as a number of small hotels and villas, with a cluster of small resort hotels and some larger luxury hotels .
