Sea Village MONEMVASIA

Sea Village
MONEMVASIA
Wonderful Place to Live and Relax
Sunrise view from the Sea Village
1
Executive Summary
• The Sea Village MONEMVASIA is a Residential
Development located in southeastern
Peloponnese in the prefecture of Laconia near
the town of MONEMVASIA - one of the most
impressive and romantic places in Greece. The
village is going to include 18 residential houses
for sale and rent, a restaurant, a spa, a gym, a
multipurpose hall with a snack bar, a central
swimming pool next to the culture center on
the seashore, as well as an administration
building and a number of additional
constructions. The land plot of the Village is
located on the first sea line and is a natural
elevation-hill which has four large stairs lifting
it from the sea level to the local road. Total size
of the land plot is 17.173,92 м2.
Contents
• Introduction
2
• The Plot
3
• Concept
4
• Main features villas
4
• Master Plan
5
• Feasibility Study
6
• The Market
7
• Real estate investment in Greece 7
• Management Team
7
2
Introduction
• MONEMVASIA is one of the most upmarket,
second-home residential areas in Greece
within approximately 3-hours freeway drive
from Athens International Airport. This
region offers luxury and stunning
landscapes, rich history and culture,
pleasant climate and safety to the discerning
traveler. MONEMVASIA is very famous
around the world for its Medieval Castle
Town located on a Gibraltar-like rocky
island, accessible from the city by a bridge.
Today most of the old mansions and
buildings in the Castle Town have been
converted into apartments, boutique hotels,
souvenir shops, galleries, café and
restaurants. MONEMVASIA is very popular
tourist destination nowadays and has an
increasing number of tourists visiting it
throughout the year. About 80 cruise ships
from around the world are anchored in
front of the castle each year. Holidays in
MONEMVASIA are wonderfully combined
with day trips to Sparta, Mystras, Gythio,
Mani, Neapoli and other regions of south
Peloponnese.
This project integrates residential units with:
• wedding venues
• corporate meeting venues
• holiday leisure facilities (adventure, serenity,
culinary experiences, a bustling nightlife
and spa recreational and sports activities,
such as scuba diving, yachting, sea life
watching, including the unique caretacareta, fishing and windsurfing).
3
The Plot
The land of plot:
• on the beautiful beach
• unique location – only 3 km from the castle
• covered by large eucalyptus
• serene environment with panoramic sea views
• ideal weather conditions.
• The permitted construction ratio on the
ground inside the construction zone of
TROHALIA settlement is 60% i.e., 10.304,35
m2. Total allowed surface area for construction
is 13.739,14 m2.
• Only this site has the opportunity to join
several neighboring lands of plot and
subsequently acquire a building permission
for another 15 similar villas.
• It is also very important to note that some of
the most critical permission issues regarding
the plot, such as Archaeology, Forestry and
Coast Line definition, have already been
resolved.
This land plot is in the ownership of the limited liability company
EPENDITIKY KTIMATOMESITIKY MASTER INVEST
Have a look at this plot on the YouTube:
https://www.youtube.com/watch?v=jbu-a4hOFRU
Concept
• Unique advantages of this seafront site make
it perfect for exclusive development, master
planning and top-quality houses.
• There is a world of difference between the
concept of a good house and the haute couture
house. We aspire to use only haute couture log
houses from the best Finnish wood. These log
houses are recognized as the highest quality,
100% energy and cost efficient and
earthquake proof in the world market!
• Eighteen (18) villas are to be built inside the
fully-protected area of the village:
4
Villas main features:
• Architectural style: modern, incorporating architectural
particularities of Monemvasia Castle Town
• Number of storeys: 2
• Roof: one side shed roof, soft roofing or metallic sheet
• Height of the 1st floor: 3.10 m; height of the 2nd: 2.90 m
• Passage going from the entrance through the living room
to the terrace with panoramic glass cover
• Sufficient natural lightning in all the rooms and solar
protection in accordance with the specific rules of the
architectural zone - the basic principles of bioclimatic
buildings of the latitude of the Southern Greece
• Panoramic window view
• Four 4-bedrooms – 215 m2 surface area each
• Color of the front (facade) - ashy gray or light grey, to
allow maximum blending with the landscape
• Fourteen 3-bedrooms - 187 m2 each
• Floors: wide boards and ceramic tile
(Not taking into account surface area of the
terrace, corridors and vestibule spaces)
• Open parking with a shed, swimming pools and BBQ zone
to every house
Development Sea Village MONEMVASIA is attractively priced seafront sites of
exceptional natural beauty which can be transformed into fully permitted,
high-end and ecology premium development project.
5
Master Plan
• A
Reception and Offices
• B
1st Floor, Restaurant/Kitchen
• In our village, we accomplish:
2nd Floor, Staff apartments
• Perfect visual comfort (sea view – perfectly
shaped free spaces of the plot)
• D1-D14 3-bedrooms villas
• Perfect acoustic comfort due to the layout of
the buildings and the planting/landscaping
• E1-E4
4-bedrooms villas
• F
SPA/GYM/Culture center/
Multipurpose hall
• G
Biological waste water treatment
center
• H
Kinds’ Playground
• I
Waste bins
• J
Underground storages and water
container
• High quality of internal air that will be
ensured using eco-friendly systems of
internal air recycling (gravitational
ventilation etc.)
• Considering current sea breeze/local
microclimate factors.
6
Feasibility Study
• Assumptions
• Key Figures
Asking price for Land of Plot
€4,5 million
Total Construction Cost
€7.5 million
Selling prices of Residential Units
€5.500 pm2
Total Development Cost
€12.0 million
Cost of Residential Units
€1,500 pm2
Net Realization
€19.25 million
Total size of Residential Units
3500 m2
Profit
€7.25 million
Cost of SPA&GYM& Culture center &
Multipurpose hall
€0,5 million
Cost of Reception& Offices &
Restaurant& Staff apartments
€0,35 million
Cost of Infrastructure
€1,4 million
All values are before Taxes and EU Grands
Sensitivity Analysis
Running a sensitivity analysis, the adverse
scenario assuming increased construction
cost of 10%, decreased selling prices by
20% the project will be profitable.
Total Development Period: 2 years constructed
Development Sea Village MONEMVASIA is a sound and unique opportunity for
investors, who wish to engage in a fascinating project at very low risk and high
expected return in one of the most beautiful places in Greece.
7
The Market
• Our target market is international
worldwide tourism and it is growing in
Greece in the last two years. Greece is a
“Branded Tourism Destination” meaning
that promoting Development Sea Village
MONEMVASIA will require less effort and
expense.
• In particular, we are interested in the
tourism industry from emerging markets
like China and Russia. These new markets
are demonstrating an increased appetite for
luxury seafront villas, especially if they can
be acquired together with the
corresponding European resident permit
for the family. Beneficiaries of the
permanent residence permit are third
country citizens and their family members
who legally own real estate property in
Greece of minimum value €250,000. The
joint ownership is possible, in which case
each joint owner invests at least €250.000.
Management Team
Real estate investment in
Greece
Investing in one of the most beautiful
Mediterranean country presents several
advantages:
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Positive environment for investments
Conservative planning of projects
No speculative prices on building of
houses
Integration of residential resort
developments in tourism business
Financing of residential construction
through pre-sales
European resident permit for the owner of
the property and his family
Know-how in the construction business
Low cost of labor, services and local
materials
Abundant Supply of high caliber
personnel
The owners or village’s management
company can offer houses for rent when the
villas are vacant. Another way for owners to
profit from free property time is to swap
their houses to stay anywhere in the world
for free.
Country
Name
Mobile
Land
e-mail
Greece
Valerios
Sokolidis
+306948690926
+302103303505
[email protected]
Greece
Athanasios
Chortarias
+306946152315
+302103303505
[email protected]
Greece
George
Georgiadis
+306944918148
+302103300352
georgiadisgeorge707@gmail.
com
Finland
Matti
Iiramo
+358503539878
+35892764560
[email protected]
Russia
Yulia
Sitnikova
+74956293079
+74992410021
[email protected]
Russia
Ruslan
Kucha
+79295404090
+79295404090
[email protected]