250 m² Apartment Complex

Exceptional Investment Opportunity in Plakes, Milos – Traditional Stone Property with Approved Development Permit. A traditional stone-built residence is offered for sale on a 313 sq.m. plot, located in one of the most authentic and sought-after areas of Milos, Plakes. The existing building, with a total surface of approximately 130 sq.m., currently consists of two independent ground-floor apartments with a shared rear courtyard and preserves authentic elements of Cycladic architecture. A building permit has been issued for restoration of the existing structure, addition of an extra floor, and total development of up to approximately 250 sq.m. According to the approved architectural plans, the development allows for the creation of up to five independent apartments (three on the ground floor and two on the upper floor), making the property ideal for touristic or investment use. The approved plans also include the construction of a swimming pool and creation of parking spaces, while a municipal parking area is located in very close proximity, a rare and highly valuable feature for the area. A unique opportunity for a high added-value investment in a prime location with strong demand and limited availability of similar properties.