Unique Investment Opportunity: Residential Complex For Sale In Frangovouni, Chios!

The Selection: The Fragovouni Heritage Compound | Kampos, Chios (Ref: 53920)
Situated in the lush, emerald heart of the Fragvouni district, this 161.14 sq.m. residential complex represents a rare strategic acquisition for the developer of boutique hospitality or high-end private estates. Spanning a formidable 4,267.88 sq.m. of prime Chian land, the offering is uniquely structured as three distinct, fenced parcels, each boasting direct frontage and effortless access to the municipal road network. Located just 2.5 km from the airport and the coastline, and a mere 5.5 km from the city center, this site offers the perfect equilibrium between rural seclusion and urban proximity.

The primary architectural asset is an authentic 84.48 sq.m. stone-built two-story residence dating back to 1950. While preserving the romantic ”Kambos” aesthetic with its mosaic flooring and wooden frames, the property offers a significant expansion potential, with a total permitted building area of 278.46 sq.m. The second and largest parcel within the compound currently hosts a 54.52 sq.m. warehouse and a secondary 22.14 sq.m. ground-floor building. This sector of the estate is a developer’s dream, allowing for an additional 316.56 sq.m. of luxury construction, ideal for the creation of detached villas or a high-performance guest lodge.

The third parcel serves as the historical anchor of the estate, measuring 113 sq.m. and featuring traditional hydraulic infrastructure, including a 43.78 sq.m. stone cistern and an artisanal well. This segment permits a dedicated build of up to 113 sq.m., ensuring that every corner of this vast acreage can be utilized for high-tier residential or commercial occupancy. The property is fully integrated with a reliable water supply and offers accessibility for those with mobility requirements, making it a versatile foundation for a modern luxury retreat.

With its expansive plot, multiple independent buildings, and generous building coefficients, the Fragovouni Compound is a definitive ”blank canvas” for the sophisticated investor. Whether envisioned as a collection of high-yield holiday villas or a single, palatial permanent residence, the site’s privileged location and architectural flexibility guarantee a substantial return on investment in the expanding Chian luxury market. Price: €450,000