Lagouvardos

For Sale

invest1.jpg
 
 

lagouvardos beachfront property

The opportunity exists to acquire a vacant 21,852 square meter development site which can accommodate a hospitality related use. The asking price for this parcel is €2m.

Planning indicates that the site can accommodate both residential and commercial uses and the parcel will permit a 20% building coefficient. This translates into approximately 4,371 square meters of building space.

Subject property has 120 m frontage on the County Road: Kyparissia - Pylos. Nearest Hospital is 30 Km away in Kyparissia. Kalamata’s Airport is 60 Km away.

 
 

This Lagouvardos beachfront land plot is one of the last remaining beach front real estate investment opportunities in the region.

This land plot is ideal for a hotel, glamping, medical tourism, or luxury villas.

 
 

The Details

Location Details:

Voted one of the 50 best places to travel in 2018 by the Travel + Leisure Magazine Messinia is a 12 months out of the year travel destination. The subject property benefits from its proximity to the adjacent beach and its exclusivity as the only developable site with direct beach access. It is also only a 10km drive from Costa Navarino.

  • Country: Greece

  • Region: Peloponnese

  • Nearby Attraction: Costa Navarino (10km)

  • Airport: Kalamata Airport (60km)

  • Beach: 30 meters

  • Google Maps: Hyperlink


Development Details:

Planning indicates that the site can accommodate both residential and commercial uses and the parcel will permit a 20% building coefficient. This translates into approximately 4,371 square meters of building space.

Preliminary drawings and highest-and best use study has been conducted which support a hospitality related development.

  • Type: Development Land

  • Zoning: Residential / Commercial

  • Recommended Use Case: Hospitality

  • Land Size: 21,852 m2

  • Building Coefficient: 20%

  • Main Buildings: 4,370 m2

  • Balconies & Enclosed Areas: 594 m2

  • Basement Areas: 873 m2

  • Beds: 296

  • Rooms: 96

  • Villas: 4


EU & Government Funding

Currently the Greek government under the ESPA toursim fund is providing a 38.5% subsidy on the improvements cost to any tourist related development. Up to 50% (New Law is about to be passed).

ESPA funding of 38.5% Funding is also available for smaller projects up to 50 rooms and max 400.000 euros. The Peloponnese regional fund has been set at €40m.

This fund can significantly reduce the cost of development and provide alternative development capital.

  • Regional Fund: €40m

  • Type: Hospitality

  • Size: 10 to 50 rooms

  • Quality: 3 to 4 star

  • Funding: 50% of total construction cost

The Lagouvardos beach is famous for its awesome waves which makes it one of Greece’s top destination for surfing and windsurfing enthusiasts. A pre-existing demand makes it a smart choice for risk-averse investors.


lag5.jpg

Get in contact

 
 

Contact Us

Get in contact with us by filling in the form on the right.

Name *
Name