Residential complex 520 sqm on a 980 sqm plot | Milina, South Pelion | 50m from the sea | €730,000 – ID 2225665

A rare find in South Pelion In the picturesque village of Milina in South Pelion, one of the most versatile and sought-after properties in the area is now available for sale. The complex comprises three independent, legally existing buildings with a combined area of approximately 520 sqm, set on a corner plot of 980 sqm, fully buildable, in a central village location just 50 metres from the beach. Three buildings, one exceptional investment Each of the three buildings has its own character and potential. Former hotel unit, 267 sqm. Ten rooms with a history of operating as an EOT-licensed hotel. The planning and operational groundwork for a modern tourist facility is already in place, waiting to be brought back to life. Traditional stone residence, approximately 205 sqm. A two-storey building with authentic Pelion architectural features. Ideal for conversion into premium suites or a villa with strong short-term rental yields. Unfinished structure, 45 sqm. Ready to be transformed into two self-contained studios, adding further income-generating units to the complex. It is worth noting that current planning regulations in Pelion no longer permit the construction of multiple buildings on the same plot. The existence of three legally established structures on a single plot is therefore an exceptionally rare advantage that cannot be replicated. Property highlights The complex offers a total of 16 bedrooms, 10 bathrooms and 5 open-air parking spaces. Construction dates to 1978 and all buildings require full renovation, giving the buyer the freedom to design the project entirely from scratch. South-facing orientation, abundant natural light and a generous outdoor area with garden potential make this a particularly attractive setting. Why this investment makes sense Milina is one of the most authentic and fastest-growing tourist destinations in South Pelion, with steadily increasing demand for quality accommodation. The property lends itself to a range of development concepts. A boutique hotel of 10 to 15 rooms is the most natural fit, while luxury suites, serviced apartments or a high-end mixed-use tourist complex are equally viable paths. The property can also serve as a private holiday residence with parallel income generation through short-term rentals. Financing options add further appeal. The investment may qualify for ESPA subsidies and the Greek Development Law, which can significantly reduce the overall cost and accelerate the return on investment. Asking price: €730,000. Price: €730.000. PROPERTY CODE: ΑΒ2397402 EPSILON TEAM real estate agents / appraisers TEL: +302107212284 MOBILE: +30 6944 626 626 WEBSITE: www.epsilonteam.gr MAGAZINE: www.epsilonliving.gr BLOG: www.propertistas.com Instagram: @epsilonteam.1

16 bedroom building

Milína, Thessaly, Greece