Fortion, Crete 72100

Rare Investment Opportunity: Complete Hotel Development Package in Istron, CreteOverviewWe are offering a unique investment opportunity in the heart of Cretes rapidly growing tourism sector: the entire set of plots, together with all ready building permits and a fully developed architectural study and plans for a five-star hotel & spa. This comprehensive package ensures that the buyer can immediately commence construction, with no delays or additional study costs, and includes every necessary document and approval for the project[ ].What Is Included-All Plots: The sale covers the total land area, including the original plot (1, 728.75 sq.m.) and the newly acquired expansion plots (3, 072.58 sq.m.), for a combined total of 4, 801.33 sq.m.-Ready Building Permits: All permits required for construction have been secured and are included in the sale, allowing for immediate project initiation.-Complete Architectural Study & Plans: The package features a detailed, approved architectural study and all technical plans for a luxury five-star hotel and spa, eliminating the need for further design or approval processes.Location & Area-Prime Position: Just 250 meters from Voulisma Beach and 370 meters from Agios Panteleimon Beach, two of the most beautiful and popular beaches in Crete.-Proximity to Agios Nikolaos: Only a 12-minute drive from one of Cretes most cosmopolitan destinations, with strong tourist flows and rising property values.-Rapid Regional Growth: The area benefits from new infrastructure projects, such as the new Kastelli airport, further boosting tourism demand and property values.Hotel Project Features-Total Buildable Area: 6, 032.15 sq.m.-Room Breakdown: 75 rooms (+1 additional), with a total capacity of 220+10 beds, including standard rooms, superior rooms, junior suites, regular suites, and a superior suite.-Extensive Facilities: 2, 078.80 sq.m. Of common areas, 883.65 sq.m. Of pools (indoor and outdoor), dining areas, spa, mini market, reception, multipurpose halls, facilities for people with disabilities, parking, playground, gym, and sauna/hammam.-Expansion Potential: Option to acquire adjacent plots for further development or to create a private landscaped path/park to the beach.Investment Advantages-Turnkey Solution: The buyer receives the full packageland, permits, and plansready for immediate development.-Development Grant: Approved subsidy of 3, 000, 000, available immediately to the buyer.-High Value: One of the two existing buildings has been appraised at 3, 290, 000 (April 26, 2024), supporting the competitive total sale price of 5, 500, 000 for the entire project (land, permits, studies, buildings).-Significant Upside: The completed hotel is estimated to be worth at least 33, 000, 000, offering substantial potential for resale or operation.-Offer Validity: This offer is valid until the end of September 2025 construction will commence after this date.Key Highlights-All-in-One Sale: The offer includes the total land package, all ready building permits, and the complete hotel studyeverything needed for immediate project launch.-Prime Location: Walking distance to two of Cretes top beaches and close to popular restaurants and beach bars.-Full Documentation: All supporting documents and materials are available for serious buyers.