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DOUBLE DEVELOPMENT

A FREQUENTLY ASKED QUESTION:

Stephan,

Let me explain what we are thinking of doing and you can tell me if it’s possible.

1. We would like to purchase a 4000m to 5000m plot of land initially.
2. We would then want to build a 3 bedroom villa with its own pool on part of the plot.
3. We would then want to build (one after another over a period of three years) 3 more 2 bedroom villas to rent to suitable families either in the UK, Greece, or Germany. We would want these villas to have access and use of the main pool.
4. We would like all the villas to have sea views etc and be spaced apart.
5. We may want to sell the 3 smaller villas at some time in the distant future and keep the 3 bedroom villa for our personal use.

Hello Mike,

Let me try to clarify your details, and to answer your questions.

1. Buying a lot of land, 4.000m2 plus, okay. Full planning is granted as long you received final approval from the forest department. You may build 200m2 net living space on 2 floors, please keep this in mind.
Having the plans of the house/houses in hand think of 6 to 8 weeks to get full planning.

Only by building traditionally in stone (walls 0.5m thick) you are allowed to 200m2 net living space, but only on 200m2 SURFACE OF YOUR LAND. Here the walls do count. If you want to use up all the 200m2 net living space - you
have of course to build partly a 2 floor building.

2. A 3 bedroom villa - just a very rough estimate - let's think of 1 big living in kitchen (30m2), 1 toilette /hand-wash
(2m2) - 2 bedrooms and 1 bathroom downstairs (30m2, minimum), staircase, landing (7m3 - below the staircase could be a walk-in cupboard), bedroom and master bathroom upstairs (31m2) : 100m2
In this case the master bedroom, which could also be a study, would open towards a nice 25m2 roof terrace. Just great in our area. The master bed/bathroom would, of course, have a tiled roof.

3. 3 more two bedroom villas - We would be only allowed to build another 100m2 of net living space -
after the villa above.
A 2 bedroom villa, one floor - think of a 25m2 living in kitchen, 1 toilette /hand-wash (2m2), 2 bedrooms (24m2 minimum), 1 shower bath (5m2), accessible from both bed rooms....

We end up to need about 56m2 for the small villa - okay, we might get it down to 50m2, though building becomes more expensive per m2 if you build small houses.

The absolute MAXIMUM we could get on your site is 1x 100m2 house and 2x 50m2 house.

In order to sell later.....
I mentioned it already in my previous mail - the buildings have to be attached to each other, forget the free standing stuff.
For example - think of a full building lot - and we were building 2x the 100m2 villa (above)
Both villas could have a garage in addition - doesn't count with the m2 living space - but does count with the 200m2 of GROSS SURFACE (incl. walls) you are only allowed to cover on your plot. The flat roofs of the garages could be nice roof terraces!
Now we would have 2x 100m2 net building plus 2x 100m2 - covered surface (about: villas 2x 70m2 plus garages 2x 30m2) In order to sell separately - these two buildings would have to be attached somewhere (preferable garage walls), wall to wall. Then you sell 100% of the very building and 50% of the 100% of the land.
You are not allowed to cut the land into separate pieces, lots - the buyer would own 100% of his/her villa - and 50% of all the land. You may define these 50% by a wall etc - within a PRIVATE agreement.
But you can't divide the 4.000m2 lot in separate lots. Never.

- If you built free standing units, lets say 4 (a 50m2), for example, on a 4.000m2 lot - and you wanted to sell them to different owners ..... you could not get deeds for each certain unit. You would always have to sell 25% of ALL BUILDINGS and 25% of ALL THE LOT. So if ONE owner made an illegal addition, for example, all the 3 other
owners would be responsible, too. Not advisable - not feasible, I think.

Or - if you do not want the buildings to touch - they must SHARE one terrace or one yard, clearly defined. But then this yard/terrace counts fully with the 200m2 building space - so if it was 14m2 big you could only build 186m2......

Why all this - it's as if you sold a flat in an apartment building: the units share attached walls - you share a staircase/hall (yard/terrace), cellar rooms, garages - later you will own 100% of your flat and as many % of all the property as your
proportion of the whole thing is.....

Your business model doesn't work.

1st - you are not allowed to build that many m2 on a 4.000m2 lot as you wish to - not 1 x a 3-room villa and 3 x a 2-room villas (absolute minimum for this were 250m2.... advisable were something like 350m2
to 400m2)

2nd - you can't sell free standing properties separately if they are on the same building lot. You are not allowed (no way!) to divide these 4.000m2 lots in smaller units.
You are even not allowed to divide big lots (lets say 20.000m2) - only if the new 5 x 4.000m2 lots have a FRONT of a certain length on a road which was build before 1923.
You see? Lots to think of.......

Of course - all the villas we would build on the lots on Hill above Stoupa would have nice sea views, towards the south AND towards the west!

My proposal - either your plans become smaller - or you purchase 2 lots, bordering each other (I know exactly which ones - the highest ones).
On lot A you are building your villa, the pool - and maybe a nice "guest house/villa" - well, separately - as you do not wish to sell it ever - it could create a nice income from renting it out -. On lot B - nice access to the pool, of course, this could be granted in the contracts of the future owners, if you wished - on lot B we build 3 attached (also through a terrace, we now got enough m2) villas, for sale later.

Bye for Now
Stephan

 

AN EXAMPLE

A Double Development, suitable for any building lot of a certain size with an allowance to build 200m2 of net space in stone; preferable on a slight slope:

Two buildings from stone, slim and long, stretched into the view: EVERY ROOM will have a maximum exposition towards the view: the sea: the west - in the case of our Proastion property!

Both houses could have some basement with a garage and a store room for house-technique.

Each building has a NET living space of 94m2.

Both buildings are connected through a roofed arcade.
This allows the owner at one point to divide the development and to sell, if he/she wanted, both houses separately.
To have them with separated deeds.

As the developments are planned for a slight slope (15%)
and as the 'tower'-parts are facing each other back to back - intimacy will be provided for the inhabitants of both places, they will be well protected from views concerning the western terraces and of course the roof terraces - the yards behind the buildings in the east.
The house are close and separated at the same time.

GROUND FLOOR:

Property, houses, villas for sale
click to enlarge

Most of what normally would be windows is replaced by French doors: Each opening is a PICTURE!
The views cover 180' of the sea towards the west, all the sunsets during the year.

The ground floor consists of 2 sleeping rooms, a spacious living in kitchen, a bathroom and a stair case - towards the west a wonderful terrace in front of the 5 French doors, all opening towards the sea!

In the east we have the main entrance, the kitchen and bathroom - an on the outside wall an impressive staircase from stone leading up to the spacious ROOF TERRACE.

1ST FLOOR:

Property, houses, villas for sale
click to enlarge

Consisting of a master bedroom and master bathroom - and of a 40m2 roof terrace, rounded by a wall from stone, accessible either by the outside stair case or through the master bedroom.
One master bedroom has a huge studio window facing the late sun and the sea.
Master bathrooms are more or less openly integrated into the bedrooms (except of course the toilets).

DETAILS AND MAIN FEATURES OF THE DRAWINGS COULD BE ALTERED.

COSTS

Cost of Lot2 Dio Alonia - 3,320m2
€60,000

Planning Permission - 257m2
€33,500

Houses as drawn:
2 x 94m2 net floor space
2 x 40.5m3 roof terraces
(€1.535 per m2 GROSS : 257.3m2)

€365,000

Landscaping, access road, planting areas,
ground level terraces & yards (about 100m2),
pergolas (2)
€20,000

Turn key (ready to move in)
€478,500

Don't forget - not itemised in the Costs but included are:
1. Designing the house - 2. All IKA (Nat. Insurance payments - very important)
3. DEH (electricity connection and meter) - 4. Water connection and meter
and reserve water tank - 5. Oil-fired central heating incl boiler etc - 6. Solar Panels
7. Double-glazed, aluminium doors and windows - 8. Gate - 9. Bathrooms with marble or fine Italian
tiles and Ideal Standard, Duravit or Grohe fittings - 10. Flooring material, either
tiles or pinewood.

See Examples of Our Work to appreciate the high standards of materials and fixtures.

Costs do not include the legal costs of purchasing a property
(purchase tax, notary and lawyer) or items such as kitchen furniture,
cupboards etc -
as explained in Prices and Costing

 

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