3 bedroom residential development for sale
Greece - Leonidi, Arcadia, Peloponnese
like this property?Call: 03339 396012
- 42,000 sqm total land plot
- Plan for 32 serviced villas (3 already built)
- Private or shared swimming pools
- Splendid views
- Existing approvals and infrastructure
For the development of the property there is an existing business plan for the erection of 32 rental residential properties on 10 plots of c.4,300 sqm each. On the 4,000 sqm plot, villas with total built-up areas of ~430 sq m have already been developed.
Arcadia stands in the centre of the Peloponnese and is a closed land, all mountains and high peaks with large fir forests and lush vegetation. An unspoiled land, little known, full of surprises, truly enchanting. On the eastern coast it is washed by the gulf of Argos and the Mirtoo Sea where it has curved fantastic bays and peninsulas on the coastline. Whoever roams through Arcadia today will get to know a part of the country that has remained virtually unchanged for thousands of years. The home town of the development, Leonidio, is one of the oldest naval cities in Greece. The valley of Leonidio in ancient times was known as the "Garden of Dionysus" a fact that connects the worship of god Dionysus with the cultivation of vineyards. The new town was founded in 1826, after the destruction of the city of Prastos by the Ottoman Empire. Leonidio boasts for its special and globally protected type of eggplant (the Tsakonian) which also donates its name to the local Eggplant Festival - Melitzazz.
The property is divided into a large undeveloped land plot of 38,000 sqm with olive trees and a neighbouring one of 4,000 sqm, Main infrastructure works, such as asphalt roads, lighting, underground piping, water-supply have been completed, while important approvals such as forestry and archaeology have been obtained. There are preliminary designs for the development of 32 luxurious serviced villas with swimming pools, with a sale and leaseback structure. The property develops on a slopping hill, with beautiful views to the sea, while the main entrance lies at 300 m from the seashore. One of the plots has already been developed with 3 villas.
According to the business plan, each planned land plot of 4,300 sq m, allows for the construction of one of several combinations of the 3 proposed villa types. The three types have a total built area of (a) 205 sqm, (b) 150 sqm and (c) 115 sqm. Their private land plots would be 2,000 sqm, 1,300 sqm and 1,000 sqm respectively. Types (a) and (b) have private pools, while type (c) has a shared pool between every two villas. Additionally, two villas of 75 sqm and one of 100 sqm, 3 studios of 50 sqm each and 50 sqm of auxiliary areas have already been built.
- 300 m from the seashore
- 500 m from Poulithra village
- 4 km from Leonidio
- 225 km (2 ½ hour drive) from Athens
- 40 min helicopter flight from Athens Airport
- 2 ½ hour boat ride from the ports of Attica
- Kalamata (International), 74 miles
*Distances are straight line measurements. This feature is currently in beta.