Plot for sale with Building Permit for Hotel in Paleochora. ID 03-3189

Paleochora, Greece

€600,000

Description

Plot for sale with Building Permit for Hotel in Paleochora. In the picturesque coastal town of Paleochora, this 957 sqm plot presents a unique opportunity for investment in one of Crete’s most sought-after destinations. With a building capacity of 400 sqm, the property offers endless possibilities, whether for a boutique hotel, a luxury retreat, or a private development. Boasting an impressive 35-meter frontage on the main road, it ensures visibility, accessibility, and convenience, making it an ideal choice for a hospitality venture. Adding to its value, the plot comes with an existing permit for a 3-star hotel, valid until the end of 2025, streamlining the development process for an investor looking to capitalize on Crete’s booming tourism industry. Furthermore, it benefits from a state subsidy under the development law, enhancing the financial feasibility of the project. Set in a region known for its crystal-clear waters, golden beaches, and vibrant atmosphere, Paleochora attracts visitors from around the world seeking authentic Cretan hospitality. This plot stands as a prime opportunity to create a stunning seaside escape in a location that blends natural beauty with investment potential. Plot for sale with Building Permit for Hotel in Paleochora. Location Information: Paleochora Via a 3-mile-drive through the stunning Anidri Gorge you get to the old fishing village Paleochora. It is the touristic and agricultural centre of Southwest Crete, situated on a small peninsula, offering all facilities and amenities expected in a tourist resort, but without any of the noise and bustle. No hotels or houses are higher than three storeys, the centre of town shuts down for cars every evening, chairs and tables come out and people eat on the street or on the pretty promenade, facing the sea. On the western edge of the peninsula you find ‘sandy beach’, perfect for families and young children. On the eastern coast is a pebble beach, which stretches for several kilometres, all the way to Anidri beach. Paleochora offers several supermarkets, open-air cinema, internet cafes, car and bike hire, many cafes, bars and restaurants as well as stylish boutiques and many other shops to take care of your every modern need. On the other hand, the area retains its traditional charm and culture, with all restaurants being run as family businesses, part of a network of extended families. Many families retain their connection with the land, having their own animals and olive trees, and so much of the food is home-made, sometimes home-grown. You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.