This investment plot and house sits in what is arguably the most fortunate location within the city of Chania, in the area of Chalepa.
The old aristocratic suburb of Chalepa is considered to be the most popular outside the city center core. It is the area where the new archaeological museum of Chania and the Museum House of Venizelos are located, a neighborhood packed with old neoclassical mansions that borders the preserved area of Tabakaria and the beach of Agia Kyriaki.
This particular property is 1,354 sqm in total with a small part of it designated to be a public park in the Municipality plans. The cleared private area of the plot is 1,167 sqm. It offers a significant building capacity of 500 sqm. The plot is defined by a detached house of 136,28 sqm with a basement of 29 sqm that now works as an independent studio, both built in 1986.
The plot and house enjoy unlimited views of the city of Chania and the sea, something that cannot be changed in the future because no one can build in front of the property and obstruct the views. Right next to the property, there’s a beautiful and modern Airbnb with about half the sqm that this plot will offer as building capacity. With the demand for both long-term and short-term housing in Chania being ever-rising this property can offer a steady source of income to the investor who will proceed in the construction of a complex of condos on this strategic spot.
On the south side the plot enjoys a beautiful and verdant scenery with high rock formations and well-grown trees.
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There are some extra costs that must be added to the price of the property.
These costs include Transfer Tax, Notary's Fees, Real Estate Fees, Estimated Lawyers's Fees and Land Registry.
The total value of the above is about 9% of the price of the property.
| Property Price | € 700.000 |
| Cost & Taxes (9%) | € 63.000 |
| Estimated Total Price | € 763.000 |
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