Sale, Land, Parcel

GITHIO - RACHI

Property Code: 506963

Area 112000 m2

650000

Calculate my installment

5.8035714285714 € / m2

Modify Date: 17/06/26

Description

An olive grove with 2,300 ancient olive trees in excellent condition, located in a highly fertile area with strong annual productivity and easy access, just 150 meters from the Sparta–Gythio provincial road. The property is situated near residential homes with the possibility of connection to public utilities (electricity). It has clear legal titles and an objective property value of €431,000. This is a certified organic cultivation, predominantly consisting of Koroneiki olives with a smaller number of Kalamon trees. It is estimated to produce 8–10 tons of extra virgin olive oil with extremely low acidity (0.1–0.3) and outstanding organoleptic characteristics, already commanding a very high market value. The trees are adapted to dry-farming conditions, with significant potential for increased yield through irrigation. A drilling permit exists, allowing the utilization of abundant underground water resources, with a planned system to pump water into a reservoir at the top of the hill for gravity-fed irrigation. The land is naturally bounded by a stream on both sides. The property also benefits from basic payment entitlements and additional subsidies due to its classification as a mountainous/disadvantaged area, which enhances annual income. Cooperation opportunities are also available, either through management takeover or investment proposals. There is further potential for agro-tourism development and additional land utilization, as the property allows for building rights and full infrastructure development, including electricity connection. Overall, this is a strong investment opportunity with stable production, high-quality output, and significant future growth potential.

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Zone : Rural, Outside the zoning area
View : Mountain
Position : Interior
Noise : Quiet
Building existence : No
Building(s.m.) : 200
Distance from the sea (m) : 3000
Depth : 500
Building width : 200
Building : Yes
Enclosure : No
Facade street : Asphalt
Good condition : No
Building height : 7.5
Number of facades : 1
Slope : Incline
Urban condition : Outside the zoning area
Structure factor : 01
Cover factor : 01
Building permission : No
Energy Class : F

Loan Calculation

Loan Amount *Minimum loan amount 10.000€ Floating Interest Rate: Euribor 3M (indicatively 2%) + spread (from 1.75%) + contribution L.128/75 (0.12%) Fixed Interest Rate: from 2.8% + contribution L.128/75 (0.12%)
Loan Interest
Loan Repayment Period

Example: Loan of €100,000, total duration 30 years. For the first three years, final interest rate 2.92% and for the remaining 27 years, final interest rate 4%. Indicative installment for the first three years ~€420 and for the remaining 27 years ~€500

Indicative Installment Amount

Interest Amount:
*The final interest rate is determined based on the mortgage loan program (floating, hybrid, fixed) and the borrower's profile.

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