FAISTOS - CENTER
Property Code: 540598
Investment Plot of 202 sq.m. with 424 sq.m. Building Allowance in the Center of Mires – €135,000 Exclusively listed by our agency, an exceptional street-front investment plot measuring 202.09 sq.m., situated in one of the most privileged and strategic locations in the heart of Mires, Heraklion. The property is positioned between the town's two main thoroughfares, offering the key advantage of immediate walking access (within 2 minutes) to supermarkets, restaurants, commercial shops, banks, and all public services. Key & Technical Specifications: Plot Area: 202.09 sq.m. Dimensions: Frontage 11.30 m x Depth 18.43 m Orientation: West-facing (Street-front) Access: Easy access via a 6-meter wide paved road Building Floor Area Ratio (FAR): 2.10 Site Coverage Ratio: 0.70 (70%) Total Maximum Building Allowance: 424.38 sq.m. Maximum Permitted Height: 13 meters (suitable for multi-story development) Existing Structure: Old building of 165 sq.m. (to be demolished) Topographic Survey: available Location & Distances: Mires Town Center: 1–2 minutes' walk to all major amenities and services. Kokkinos Pyrgos Beach: ~17 minutes by car. Heraklion City / International Airport: ~40 minutes via the new main highway. Development Potential & Investment Value: Thanks to its high building density ratio (424.38 sq.m.), generous maximum height allowance (13 m), and wide frontage (11.3 m) on a 6-meter road, this property offers outstanding development versatility: Residential Complex Development: Construction of an apartment building or studio units offering high yield potential for long-term or short-term rentals. Mixed-Use Building: Commercial shop/office space on the ground floor with independent residential apartments on the upper floors. Private Residence: Construction of a spacious, modern maisonette complete with a private garage and courtyard. For further information or to arrange a viewing, please contact us.
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| Distance from the sea (m) : | 10.000 |
| Depth : | 18.43 |
| Zone : | Residential zone, Commercial |
| View : | Sideway |
| Position : | Facade |
| Building width : | 11.43 |
| Building : | Yes |
| Facade street : | Asphalt |
| Building existence : | Yes, To be demolished |
| Building(s.m.) : | 424.38 |
| Good condition : | Yes |
| Building height : | 13 |
| Slope : | Level |
| Urban condition : | Inside the zoning area |
| Structure factor : | 2.10 |
| Cover factor : | 0.7 |
| Energy Class : | F |
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
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