This is a unique property in many ways, including location, versatility and investment profit return.
Location: this is the only property in the cosmopolitan Elounda resort area that has so many legal square meters of the building, at the water's edge. Even the basement (sea level) have permission to use it as the primary living space. Versatility: the property may be used in a variety of ways. It can be repaired in 6 luxury apartments, two luxury villas or one Royal Villa. The building already has a licensed hotel, and if it will be repaired as a five-star hotel, it can be financed by the European Union at 50% of the total cost when provided that this is done by the company from the European Union. The company also can rent a beach in front of the property, for exclusive use.

Option:"Apartment hotel"
Can be built six luxury apartments (or 12 suites).

Option: two villas.

One villa with 4 spacious bedrooms, with en-suite bathrooms, kitchen, dining area and living room can be built on the side of the road. Total area 336.69 square meters.

One villa with 3 spacious bedrooms, with en-suite bathrooms, kitchen, dining area and living room can be built from the other side of the property, with a total area of 270.09 sq.m.

Option: one Villa.
One unique Villa may be built with a total area of 606.78 sq.m. It will include 7 spacious bedrooms with en-suite bathrooms, 2 kitchens, 2 dining areas and 2 rooms plus Spa and gym, etc.

Price upon request.