a plot of land with a hotel construction project on the first line, Kassandra, Halkidiki, Greece
We offer an investment facility in one of the most popular tourist regions of Greece — on the peninsula of Halkidiki, Kassandra. The 74,000 sq.m. plot is located in a tourist area with developed infrastructure, just 70 km from Thessaloniki Airport. There are operating hotels nearby, which confirms the relevance of the location among tourists.
Site characteristics
The first line of the sea
Wide sandy beach
Electricity and water supply are provided
Plot type: agrotemachio (outside the settlement)
Characteristics of the hotel project
Total area of buildings: 14.623 sq.m.
Number of rooms: 304
Capacity: 633 beds
Status: building permit received
Stage: construction has not started
Planned project completion date: May 2011
Economic information
Type of sale: a plot with a ready-made project
The cost of the project without construction: 11.500.000 €
Estimated cost of construction and equipment: 30.000.000 €
Possible state subsidy: up to € 12,500,000
Location and investment potential
Kassandra is the busiest and most sought—after tourist area of the Halkidiki peninsula. Clean sea, sandy beaches, rich resort life, restaurants, bars and cultural sites attract hundreds of thousands of tourists every year. The demand for high-quality hotel complexes here is consistently high, which guarantees a quick return on investment.
This project combines the advantages of the first line, large area and ready documentation, which allows the investor to start implementation without additional time costs.