The plot is situated right outside of the town of Agios Nikolaos, in eastern Crete. It is a five minute drive from the center of Agios Nikolaos and the center of Elounda. The location of the plot is amphitheatricall on a hill side, with magnificent birds-eye views of the town of Agios Nikolaos and the whole bay of Mirabello.
The plot is located in an area where “private town planning” is allowed and approved by the state authorities. We have already started the process of the private town planning by obtaining the initial permits (feasibility and environmental study, road connections etc.) and the architectural study is in progress.
The plot area is currently 80,000 m². After the completion of the town planning, about 40% of the plot will go towards the construction of roads and common areas, and 60% will remain for the construction of the villas and houses.
This means 48,000 m² will have the permit to build 11,520 m² of buildings, plus verandas, plus basements. This results to 100 up to 120 houses, depending on the architectural design.
Time required for the completion of the private town process: approximately 18 months.