2549959 Residential Complex For Sale, Santorini, 170,69 Sq.M., €650.000

For Sale – Unfinished Complex of Traditional Residences in Santorini

In Kontochori, Santorini, just a few minutes from the centre of Fira, a distinctive unfinished complex of traditional residences is offered for sale, situated on a plot of approximately 180 sq.m., within the settlement boundaries. The property comprises approximately 170 sq.m. of existing structures, including characteristic cave-built spaces reflecting Santorini’s traditional architecture.

On the lower level, there are two large cave-built spaces, planned to be configured as two independent residences with several auxiliary areas. A significant part of the restoration and structural reinforcement work has already been completed at this level, including the application of shotcrete (gunite), insulation and electrical installations, with the overall condition of the property demonstrating that the project has already progressed substantially.

On the upper level of the property, there is remaining building capacity. The current concept provides for the potential creation of three additional studios; however, this extension is still at the architectural and permitting design stage, and the relevant building permit has not yet been issued. At the same time, this gives the new owner the opportunity to participate in the final configuration of the project according to their own requirements, always subject to the necessary approvals from the competent authorities.

The distinctive layout of the complex, with its internal courtyard, cave-built spaces, different levels and potential for further development, creates the conditions for a complete residential or investment project with a strong Santorinian character.

The property is located in a quiet neighbourhood of Kontochori, with access via a traditional pedestrian lane, approximately 5 minutes from the centre of Fira. At the same time, it is conveniently located close to the island’s main road network, providing easy connections towards Oia, Vourvoulos, Santorini Airport and the other areas of the island.

This is an interesting investment opportunity for anyone looking for a property where a significant part of the demanding initial restoration work has already been completed, while still retaining the opportunity to complete and shape the project according to their own aesthetic preferences and intended use. It is suitable for the creation of independent private residences or a distinctive boutique hospitality property, subject to the permitted uses and the necessary approvals.

Price: €650,000 - SantoVIA Realties & More - Contact: [hidden information] - e-mail: [hidden information] - [hidden information]