A rare development opportunity in the heart of Plakias, offering excellent potential for both investment and income generation. The 438m² plot has a desirable square shape and is superbly located within Plakias town, just a short walk from the centre, shops, restaurants and beach. All essential amenities are close by, making this an attractive location for both permanent residents and holiday visitors. The property will be sold with a building permit currently at the final stage of approval for the development of seven apartments of various sizes, including one-, two- and three-bedroom residences, together with basement and storage areas. The approved project offers an excellent opportunity to create a small residential development for short- or long-term rental, or to sell the apartments individually upon completion. The permit can also be revised to accommodate an alternative layout or design, subject to the relevant planning approvals, giving the future owner flexibility to adapt the project to their specific requirements. Investment Highlights • Plot: 438m² • Building permit: at final stage • 7 apartments: 1, 2 & 3 bedrooms • Basement and storage areas • Walking distance to the beach and town centre • Excellent access and established infrastructure • Strong potential for rental income or individual resale • Possibility of revising the existing permit • A highly attractive development opportunity in one of South Crete’s most popular and increasingly sought-after coastal destinations. Distances Beach 300m Town 300m (Plakias centre) / 33km (Rethymno) Airport 110km Hospital 33km