Mykonos, Cyclades Islands
€3,500,000

Off plan property of 750+ sqm on 5,000sqm plot with 2 construction options. The area is between Ornos and Kanalia. It is very close to Ornos (approx 3 minutes by car).

Options for this plot are:

1)   A villa of 12 bedrooms with 2 swimming pools. The price for the plot and semi-finished villa is 2,500,000 Euros and 3,500,000 Euros for the finished project.  Everything is legalised.

2)   Buy the plot and build a hotel of about 15 suites with reception, restaurants, gym. This might interest those looking for a hotel investment as there are no further plots available in this area where one could build a hotel. For this option, the cost of the plot would be 3,000,000 Euros as the purchaser must pay for the license of the hotel (as it is not residential). The final price of this project option depends entirely on what the purchaser plans to do.

No construction will take place until a buyer is found. If the buyer decides to go for option 1, the finished construction will look like the photos in our gallery – which are computer images and included to show what the finished project for option 1 will look like.

The seller is currently only having the swimming pools built because permission is already in place for this and it will end in a few months. So this will save the purchaser from having to go through this process and paying for permission again.

Please note that the first photo in our gallery is an actual photo and shows the view from the plot. The others are computer generated images.

5,000sqm plot with 2 options to build a 750sqm+ villa (12 bedrooms) with 2 pools or to build a hotel with restaurant/gym facilities in the area of Ornos.