Description
An excellent investment opportunity – this 3 234 m² plot is located within the village settlement boundaries of Gavalochori, allowing for substantial development potential.
The plot permits the construction of a hotel of up to 1 500 m². Alternatively, it can be divided into two separate plots, each with the right to build up to 400 m² of residential space, providing a total residential development potential of 800 m².
Situated in a picturesque green area surrounded by luxury villas, the property enjoys a privileged setting. The upper boundary of the plot adjoins a protected woodland area rich in native Cretan vegetation and one of the region’s unique historical landmarks – a complex of Venetian stone wells dating back to the 15th–16th centuries.
About Gavalochori
Gavalochori is considered one of the most beautiful and historically significant villages in the region. The village offers a charming selection of amenities, including two traditional tavernas, two cafés, a pastry shop with café-bar, a graphic design studio, a bakery, three grocery stores, and a local handicrafts shop.
The village and its surroundings are rich in cultural heritage, featuring 14 Orthodox churches, Venetian arches and wells, Roman tombs, and traditional olive oil production workshops, creating a unique blend of history, culture, and authentic Cretan lifestyle.