Villa for sale in Lefkada, Greece.

An attractive opportunity to purchase a property just 220 m from the sea, with views of Vasiliki Bay and close proximity to the beach and the area’s tourist center.

Property details:
– Plot size: approx. 305 sq.m.
– Existing ground-floor house: approx. 55 sq.m.
– Approved pergolas: approx. 42 sq.m.
– Additional building rights of over 200 sq.m.

The property currently generates income from short-term rentals and offers three possible development options, depending on the developer’s vision and goals:

1. Luxury villa:
A modern 2-3 story villa with a built area of approx. 120-125 sq.m., featuring 3-4 suites, an infinity pool, outdoor kitchen, pergola, and private parking.

2. Apartment building:
An additional build of approx. 160-200 sq.m., with the option of planning two apartments of approx. 100 sq.m. each, or four apartments of approx. 50-60 sq.m. Estimated value after construction: €1,000,000-1,200,000.

3. Mini tourist complex:
A boutique complex featuring 6-8 suites, a shared pool, gardens, and a reception area, with a total built area of approx. 220-240 sq.m. Estimated annual income: €100,000-160,000, with an expected annual yield of 20%-35%.

A combination of income-generating property, proximity to the sea, and significant building rights, offering an interesting opportunity for developers and investors seeking appreciation potential in Lefkada’s tourism market.