4 x luxury villa complex, first row to the sea, with private access to a stunning secluded beach, ready for internal fitting out to your choice.

Summary

Selki Bay is a stunning beachfront villa complex designed for the luxury holiday rental market. Based on a 15-week rental period, it could yield over €200,000 in annual revenue. In addition,  property prices in Greece are set to rise significantly over the next five years. Both of these factors give you a significant return on your investment.

 

Situated on the easily accessible and prestigious island of Andros, the complex is one of the rare beachfront villas still available. It has private gardens that give direct access to a beautiful, secluded beach.

 

Close to Athens and Mykonos, Andros is an attractive location for all year-round access. With its frequent ferries and hydrofoils from Athens, travel times can be as little as an hour. A direct ferry link from Mykonos in the summer gives you further travel options.

 

The complex encompasses four large luxury villas, with options inside for up to three or four bedrooms per villa. These deliver a total internal living space of 808m2, with a substantial outside terrace of 386m2, giving you a staggering combined space of over 1,176m2. All of this is situated on over 6,375m2 of beachfront land, directly in front of your own secluded beach.
 

Internal living space

Villa 1: 206 sqm

Villa 2: 198 sqm

Villa 3: 173 sqm

Villa 4: 232 sqm

 

Design

These private villas offer low maintenance and have been designed with a careful blend of traditional Greek materials yet incorporating the best in modern luxury living.

 

Because of the terraced design, every villa has a retractable glass wall that disappears effortlessly into the mountainside. This wall expands your living room to double its size, creating a large, open living space that seamlessly brings the outside in.

 

The extended balcony on the top floor creates a large open terrace, creating a fixed pergola that delivers the perfect shade to keep the ground floor cool.

 

The large cascading terraces and infinity pools deliver privacy whilst keeping stunning uninterrupted sea views from every level.

 

Each villa has a shaded, private parking area at the back, which is easy to access for shopping and luggage on arrival.

 

The secluded beach in front of your garden is sheltered in a bay, offering tranquil, crystal-clear, calm waters to swim in easily.

 

Should you find yourself in the mood for a change of scenery but don’t feel like wandering too far, the stunning golden crescent beach of Fellos is just 5 minutes away, where you can safely swim in the crystal-clear waters or relax in the local taverna.

 

 

Sale Offer

The complete villa complex of all four villas and the garden to the beach is being offered with two sale options:

 

Option 1- Unfinished at €1,395,000 (only requires fitting out internally)

Option 2 - Finished at €2,200,800 (completed to your specifications)

 

If you choose the unfinished option, the additional cost to finish the entire project is €500,000.
This means you save over €505,800 from the finished price option, as there is no management fee or markup.

 

If you wish us to provide the finished option, we will work with you to produce the most coherent design within the budget, where you can choose from various styles and appliances.

 

In addition, the government has given the property a VAT exemption, so if it is sold by the end of 2025, there will be no VAT tax to pay on the purchase.

 

Because of this tax exemption, the seller is looking for a quick sale, which is why both these options offer incredible value.

 

The location of these villas is superb; new legislation in Greece means that you can now only build 300m from the sea, making these villas one of the last locations allowed to be built this close to the beach.

 

As building costs have significantly increased, this is a rare opportunity to buy for considerably less than it would now cost to build.

 

Not only is Andros amongst some of the most beautiful islands in Greece, but it is also inexpensive to travel to and cheaper than its Cycladic neighbours, Tinos, Paros, or Mykonos.

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Finally, the project is in the process of applying for ESPA, which means the government will grant up to €200,000 towards the completion of the project. This means the cost to finish could be as little as €300,000 

 

Combining all these factors creates a rare opportunity to own a first row to the sea beachfront villa complex of all four villas for as little as €1,695,000

 

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