The asset is located at Pegeia municipality and has an irregular shape. The wider surrounding area is characterized by residential houses and villas. The properties have easy access to the city centre and the seaside area. It is suitable for the construction of touristic/residential buildings. It is ideal for development purposes and an appealing investment for both individuals and property developers. The property is in close proximity to the sea and has good accessibility to surrounding areas. The property lies within Planning Zone Η5 (RESIDENTIAL) with a maximum building ratio of 30%, coverage ratio of 20%, on 2 floors and maximum height of 8,30m.