Plot For Sale Ideal For Hotel or Apartments (10494)

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PROJECT DESCRIPTION

The proposed plot is situated in a prime location in the city center, surrounded by retail stores, hotels, and within a short walking distance from Athens Avenue as well as the Phinikoudes beachfront (approximately 5 minutes on foot).

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Site Information
• Total plot area: 583 sq.m.
• Urban Planning Zone: Commercial Zone Pa6
• Base Building Factor (BF): 1.80:1
• Coverage Factor: up to 0.70:1
• Maximum Height: 10.00 m
• Permitted Floors: Three (3)

As a city hotel, the development is eligible for additional allowances:

Building Factor Increases
• +20% for hotel use → 1.80 × 0.20 = 0.36
• +5% for energy performance measures
• +5% for mechanical support areas
• Combined increase: 1.80 + 0.18 + 0.36 = 2.34 total Building Factor

Total Buildable Area

583 sq.m. × 2.34 = 1,364.22 sq.m.

Additional Allowable Spaces
• Auxiliary spaces: up to 150.00 sq.m.
• Lobby and kitchen: up to 80.00 sq.m.

Combined total permissible area: 1,594.00 sq.m.

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Hotel Development Options

As a city hotel, the investor may include additional amenities such as:
• Gym
• SPA room
• Manicure/Pedicure room
• Electrician’s room

These spaces may total approximately 120 sq.m., while verandas up to 25% of each floor’s area are also allowed and do not count toward the Building Factor.

Room Capacity

The development may include up to 44 guest rooms, of which 10% may be single rooms.

Hotel Facilities
• Breakfast area
• Reception & lobby lounge
• Director’s office
• Restaurant
• Kitchen
• Separate BAR
• (Optional) Rooftop swimming pool
• Gym (not included in the BF calculation)

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Height & Floors

While the zoning specifies three (3) floors, we recommend pursuing five (5) floors, allowing full utilization of the permitted building area under hotel-related incentives.

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Alternative Option: Boutique Hotel

If the investor prefers to develop a Boutique Hotel, this must be confirmed in advance so that design, space planning, and regulatory strategy can be adjusted accordingly.

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Planning Review

The project file will undergo a formal urban planning review, during which the authorities may provide additional comments.

The hotel’s design offers a modern and practical layout, with a focus on guest comfort and convenience.
The hotel is designed with a height of 2.5 meters per floor, ensuring spacious rooms and areas.

This hotel project offers great potential for growth and customization, including the option to add another floor to expand capacity.