Located on the north coast of the Argolis Peninsula, only 140 km from Athens. Close to the cosmopolitan islands of Poros, Hydra, Spetses and Aegina, this beachfront holiday complex can be reached by sea or by car.
Select your suite and register your interest TODAY by signing a reservation agreement. No reservation deposit required.
The property offers the visitor a unique panoramic view to the sea. Located on the north coast of the Argolis Peninsula, a residence on the complex can be the base for short excursions to the cosmopolitan islands of Poros, Hydra, Spetses and Aegina, while being close to the ancient theatres of Epidaurus.
Kalloni is a traditional fishing village on the bay of Epidavros and the area is ideal for year-round visits. Very close to Attica and many attractions, such as ancient Nafplion, it has warm waters and a great climate. The area is a magnificent destination either for vacation or even permanent residence.
The Elia Coast residence is a complex of luxurious holiday homes set over a 12,000 sqm beachfront plot. It boasts a communal pool, private beach and all 14 suites + 1 maisonette are fully furnished. Arranged per 2 in 7 independent buildings, and 1 detached maisonette, the size of the suites range between 33-78 sqm., consisting of 1-2 bedrooms and 1 bathroom.
In addition to an excellent rental return and a very high reserve of possible added value, this program is eligible for the Greek government’s “golden visa” programme.
Golden Visa In Greece enables visa-free travel to all countries of the Schengen zone, for up to 90 days in each 6 months period. It also offers an insurance policy for the future ensuring you always have a second place to call home. Recent legislation changes now enable PR holders to apply for Greece (EU) citizenship as well.
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Elia Coast resort is an existing hotel property that is being divided by lot and put into hotel operation for the benefit of the owner-investors. Planning and hotel operating permits are currently under review by the authorities and are expected to be obtained in June 2021. Until then, investors are invited to reserve the lots that are of interest to them. The drafting of the final deed of transfer of property and the payment of the purchase price will only be possible between June and December 2021.
First, you will be asked to sign a reservation contract. We only have 14 suites available for sale and this is the only method to allow you to take an option on the lot you are interested in while the administrative formalities of division by lot are carried out with the Greek authorities. The reservation deposit is deposited in an escrow account and is refundable if planning permission is not granted and the transaction is cancelled. The final deed is concluded through a Greek notary. The payment of the sale price must be made at the latest on the day of signature of the notarial deed of final transfer of ownership.
This property can at the choice of the buyer :
The buyer is the owner of the private part he acquires (a suite of approximately 50m² or a small house of approximately 100m² made up of two suites) and of the share of common facilities corresponding to his share of the private surface. The common parts are notably made up of a swimming pool, various terraces and pergola, and above all a private beach.
The first advantage is of course to be the owner of an exceptional resort only 45 minutes from Athens by sea and 1h30 from the airport by road. Owning a property worth 250,000 euros in Greece also gives the non-resident investor in the EU the possibility to obtain a Schengen visa (free entry and stay in Europe for you and your family).
Elia Coast resort is a hotel residence. Suites are rented for short stays in a hotel style. To allow the owner to get a return on his investment we offer two possibilities.
The owner entrusts the management of his property to the hotel operator by means of a long-term lease, thus guaranteeing his income. In this case, the duration of the lease is 3 years and the annual profitability is around 4% net. The owner has a right to use his property for a period of time agreed in the contract.
The owner retains full use of his property and entrusts the management of his property to the hotel operator. He receives income only when his property is rented for short periods. In this case, the profitability is potentially higher, up to 10% per year, but is not guaranteed and depends on the rate of attendance. The landlord has free use for periods when the property is not rented.
Finally, as it is a property operated as a hotel, it allows the investor to get a yield on his investment while keeping a personal use of it for the duration he wishes.
We do not provide financing services. You only need to ensure your financing capacity.
The property is divided into suites of approximately 50m² each. Each suite is delivered furnished with a private kitchen, a living-dining room, bathroom and one or two bedrooms. Each suite has one or more private terraces and an outdoor barbecue. In the case of a purchase of a whole house made up of 2 suites, it is possible to reconfigure the rooms according to the wishes of the buyer to form a house that can only be rented as such.