Sale, Land, Residential

Investment Property for Sale in Vothonas, Santorini (7 Tourist Accommodations with Pool, Building Permit Included) 1. General Description Two (2) adjacent plots are available for sale in the traditional settlement of Vothonas, Thira, with a total surface area of 927 sq.m. The properties are sold together, forming a ready investment opportunity for the development of a tourist accommodation complex. 2. Detailed Plot Information Plot A (462 sq.m.): Includes a semi-finished building of 202 sq.m. Plot B (465 sq.m.): Fully buildable plot (without an issued permit), offering the potential for additional construction and expansion of the unit. 3. Building Permit Details (Plot A) The major advantage of the property is the active Revision & Completion of Building Permit No. 201/90. The new study includes: • Modification of the architectural design (modern design adapted to the traditional settlement). • Increase in building volume and addition of a new two-storey section. • Development of seven (7) independent tourist accommodations (suites/apartments). • Common areas, including a reception area. • Infrastructure such as a swimming pool, underground mechanical room, and auxiliary spaces. 4. Investment Advantages Ready-to-build: The existence of an active revised permit allows immediate commencement of construction, saving the buyer significant time otherwise required for approvals (Archaeological Authority, Architectural Committee, etc.). Strategic location: Vothonas is an emerging tourist destination due to its authentic architecture and central location in Santorini. Future potential: The second plot allows for the creation of additional units or complementary facilities (spa, restaurant, etc.). This kind of asset is rare because it compresses the slowest variable in Greek development—the permit timeline. In real estate physics, time is often more valuable than square meters.