Location: Halepa (6km to Sitia town)

This plot of land is one of many already being developed by several private owners on a large estate just outside Sitia town on the north east coast with all amenities, main transport links, and long sandy beach.  The estate on which the plot is located is free of forestry or archaeological restrictions.

The land is in an elevated position, on a gently sloping hill, which means the sea views of Sitia bay cannot be obstructed by future building works.

Total plot size is 4000m2, and planning regulations permit 200m2 (fully above ground level) to be built, with multiple options.  For example, it would be possible to create either a single large private villa with swimming pool and expansive grounds, or smaller bungalow-style units, with or without a communal pool, for rental or resale respectively.  New-build can ensure the finished building complies with EOT regulations for rental licences, which can provide high-income short-let potential during tourist season.

The land has already been cleared and levelled ready for building.  Nearest electricity pylon for connection is approx 100m only.  Maximum estimated current cost of mains water connection is 2000euros.  Access is currently dirt track for last few hundred metres.  Because other owners are already building, this means proximity to mains utilities and road access are being improved all the time.

With the imminent arrival of charter flights and the large-scale leisure complexes in development even further east, this is an excellent time to invest in the Sitia area.