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Land with Development Potential
(subject to the necessary consents)
625 units / 625,000 m2
The property covers the
hill site of Millia Steka resulting in
spectacular views towards
and over the Gulf of Hagios Nikolaos.
FOR SALE AS A WHOLE OR IN UNITS
Guide Price: Offers in excess of US$ 25,000 per unit
Land & Forestry Management Ltd.
www.landandforestry.com
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Situation
The property lies 37° North and 23°
East. It is within the prefecture of Attica, which is located in the eastern
part of the district of central Greece. Attica is situated in the geographic
centre of Greece and is washed by the Euboean, Saronic and Corinthian Gulfs. The
peninsula ends to the south at Cape Sounion. Attica has beautiful coasts and
villages, where its inhabitants and visitors search for an escape from the warm
summer of Athens. The property is situated Northeast of Anavissos and Palea
Fokea approximately 4 km from the sea. Palea Fokea is a fishing port with a
pleasant beach, exclusive restaurants and is popular at weekends from visiting
Athenians. Athens is about 44 km distant and could be considered commutable. The
new international airport at Spata with a comprehensive range of domestic and
international flights is about 37 km to the North. The port of Pireas is about
47 km East and connects to all the islands of the Aegean and many countries of
the Mediterranean Sea. Major new road developments, due to the hosting of the
Olympic Games in 2004, are dramatically increasing accessibility to the area.
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Description
The property, which has development opportunity, has an
elevated position almost totally covering the hill site of Kourouna, commanding
spectacular views towards and over the Gulf of Agios Nikolaos. The highest
elevation is about 200 m above sea level. The property consists of approximately
625,000 m2 of land which has marginal agricultural land use
capabilities. It was previously used for olive and wine production and grazing
goats and is now covered with low growing scrub and pine trees. There is a small
stream which follows the western boundary of the property. The underlying rocky
ground conditions provide a good foundation for any type of construction.
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Access
and Services
Access is 2 km from the main road at Anavissos along a solid
dirt track which partially forms the western boundary of the property.
The property is not directly connected to public water and
electricity supplies. However these services can be accessed within a few
hundred meters around the property.
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Climate
The climate is for the most part, Mediterranean with mild
winters. The subtropical, warm summers are cooled by a system of seasonal
breezes, popularly called the "Meltemia". The outstanding feature of
Greece's climate is the ample sunshine with an average of 3,000 hours per year
Language
Greek is the official language although in the business community English,
German and French are often spoken.
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Greek
Economy
Greece has a mixed capitalist economy with the public sector
accounting for about half of GDP. Tourism is a key industry, providing a large
portion of GDP and foreign exchange earnings. The economy has improved steadily
over the last few years, as the government has tightened policy in order to meet
the convergence criteria which allowed Greece’s entry into the EU's Economic
and Monetary Union (EMU) on 1 January 2001. The standards of living in Greece
now approach that of European average. The EU accounts for 65% of Greek trade,
with Saudia Arabia (oil), Japan and the USA the country’s other major trading
partners. Its main exports are agricultural products, manufactured goods,
beverages and petroleum products. Greece has one of the largest merchant
shipping fleets in the world.
The Attica Basin is the urban conglomeration of the Cities of
Athens, Piraeus and suburban towns with an estimated population of 3,600,000
people (about 35% of the national total). Most administration institutions are
here. It contains most national financial and commercial activities (e.g 55% of
the banking activity, 80% of the heavy industry, 80% of the seaborne commerce).
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Currency
From the 1st of January 2002 the currency in Greece is the
Euro. It replaces the previous local currency of the Drachma at a fixed rate of
340.75 Drachma s per Euro.
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Development
Potential
Greece is in the top 15 destinations for holiday makers in
the global tourism market with over 11 million tourists annually. A unique
combination of unparalleled natural beauty, temperate climate, clean waters and
over 3000 years of history accounts for tourism being the most important service
industry in Greece. In recent years the tourism strategy in Greece has shifted
from low-budget mass tourism to high quality alternative forms. The Government’s
commitment for this type of development, attractive financial incentives and
comparatively low operating costs make investing in tourism projects an
attractive business opportunity. The Gulf of Agios Nikolaos is already well
established as a popular tourist destination for visitors from overseas and for
Athenians escaping to the coast for the weekend. Due to its spectacular
location, the property would be ideally suited for a high quality tourist
development.
The 2004 Olympic Games will be hosted by Greece offering
major international visibility and exposure particularly to Attica where many of
the events are to be staged. It is expected that an additional 2 million
tourists will require accommodation in the region during the Olympics and
beyond.
In addition to tourism there is a continued and growing
demand for housing within this region as a result of the increased urban
pressure from Athens combined with the popularity of the area.
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| View from the
property over the surrounding countryside and over the Gulf of Agios
Nikolaos |
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Particulars:
These particulars are produced as a general outline only, for the guidance of
prospective purchasers. They are intended to give a fair description of the
property as an opinion and not by way of statement of fact, and are not intended
to constitute any part of the offer or contract. Any areas, measurements or
distances are approximate. The text, photographs and plans are for guidance only
and are not necessarily comprehensive.
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