Akrotiri Property

Akrotiri Property

  • 500 m from famous Red Beach
  • 63.000 m2 lot
  • Permit for 12.650 m2 building

LOT BRIEF DESCRIPTION

A unique lot of 63.500 m2 (approx. 16 acres) with full and clear property titles is now for sale, by Akrotiri's famous Red beach. It is ideal for residential or commercial (hotel) development. If you need more or larger photos just type the words "red beach santorini" in any search engine, and you will be able to see lots of photos and info of the area. Just remember that the lot is at the left end (view from the sea) of the famous RED BEACH!

PROPERTY DETAILS / PERMITS

Construction Rules / Permits

According to the greek permit rules

  • Minimum plot size for Hotels 15.000 m2
  • Percentage of Building for Hotels 20% of the plot
  • Number of floors 2 floors
  • Combined Building 70% of the building percentage Hotel, 30% of the building percentage Villas

Percentage of Building

For commercial use (100% hotel, or a combination of 70% hotel use + 30% residential use addressed to non-residents), the legal percentage for building is 20% (this means about 12.650 m2 of building) + approx. 6.000 m2 of basement.

For purely residential use, the buildings should not exceed the 450 m2 + 200 m2 for basement.

Location Study

According to the location study for santorini and the location study plot

  • The property is located in area VI5 and is characterized as “simple agricultural land”
  • Area VI5 is the only one in Santorini that can build new hotels and Villas as well as to establish Private Urbanization plans

Vicinity

As seen in the property plots 1 and 2

  • North: Access to the main road marked in red dashed lines
  • Sourth: Sea front part with private beach
  • South East: The world famous red beach

Plot Permits

The plot is privileged with all permits that are required to start the building process - 1 2 3 4

Fast Track

According to these excerpts from law 4179 from 2013 there are in place fast track procedures to assist tourism business growth (refers to mixed use of the buildings)

Property Photos