Hotel and Residential Development Site in Milos, Cyclades
HOTEL AND RESIDENTIAL DEVELOPMENT SITE IN MILOS, CYCLADES
Located near the beautiful port of Adamantas and enjoying open views to the harbor and the sea, this property presents an excellent opportunity for a buyer who is interested to develop a hotel and a residential complex on this upcoming island. The land plot measures 9,160m² and has two building permits which expire in December 2022, allowing for two different projects to be developed. The first permit is for the construction of a hotel. A central building of 165m² will be the reception area for guests, measuring 377m², (back office 212 m² and ground floor 165 m²). The three additional buildings provide a further 649m² with 20 rooms (Structure A 163m², Structure B 399m² and Structure C 88 m²) and there will be a hotel swimming pool. The second permit allows the construction next to the hotel of three modern residences offering in total 7 rooms with a shared pool (Residence A 98m², Residence B 200m² and Residence C 98m²) which offer privacy and comfort and would be ideal for either personal or commercial use. The growing international reputation of Milos, the desirable location of the plot, the two existing building permits, and the easy access to the island by either plane or boat, combine to make this an exceptional investment choice.