£1,704,534
(€160/sq. ft)
€1,980,000
Retail premises for saleΑθήνα, Attiki, Greece
12,378 sq. ft
Just added
About this property
- Prime Central Athens Investment: Whole Building, 1,150 Sqm, Steps From Omonoia Square
A five storey professional building of 1,150 sqm in the centre of Athens, with its entrance on a main commercial street beside Omonoia Square. It is offered as a whole, which is rare in this part of the capital.
Built in 1949 and extended in 1977, the building is in excellent condition and has been maintained and renovated regularly, inside and out. Five floors, a small penthouse and a lift. The upper floors look out over an open horizon, with views towards the Acropolis.
Sold in its entirety, the building gives a buyer full control of 1,150 sqm in a central location. Prices per square metre in this part of the centre remain competitive, and the area is attracting growing tourist and residential interest.
Possible Routes for this Property
-Golden Visa residences. Convert the floors into individual apartments and offer them under the 250,000 euro per unit residency threshold available for professional buildings converted to residential use. A clear, well understood exit with an established international buyer base.
-Student accommodation. Central Athens draws thousands of Greek and international students each year, and purpose designed, well managed housing in the very centre remains in short supply. Five floors lend themselves naturally to a managed, high occupancy residence.
-Senior living in the city. Comfortable, lift served apartments for older family members who want to remain in the centre, close to their children, their doctors and the life of the city rather than isolated in the suburbs. A growing and underserved market in Athens.
-Boutique offices. The building already works as a professional address, and small independent businesses continue to look for characterful, self contained floors in a genuinely central location with an address people recognise.
-Hotel or serviced apartments. A view of the Acropolis, an entrance on a main commercial street, and 1,150 square metres to work with. Few buildings in central Athens offer a hospitality operator this combination.
These directions are not mutually exclusive. A mixed scheme, with commercial use at street level and residential or hospitality above, may well produce the strongest return of all.
For the full information pack and to arrange a viewing. ·
A five storey professional building of 1,150 sqm in the centre of Athens, with its entrance on a main commercial street beside Omonoia Square. It is offered as a whole, which is rare in this part of the capital.
Built in 1949 and extended in 1977, the building is in excellent condition and has been maintained and renovated regularly, inside and out. Five floors, a small penthouse and a lift. The upper floors look out over an open horizon, with views towards the Acropolis.
Sold in its entirety, the building gives a buyer full control of 1,150 sqm in a central location. Prices per square metre in this part of the centre remain competitive, and the area is attracting growing tourist and residential interest.
Possible Routes for this Property
-Golden Visa residences. Convert the floors into individual apartments and offer them under the 250,000 euro per unit residency threshold available for professional buildings converted to residential use. A clear, well understood exit with an established international buyer base.
-Student accommodation. Central Athens draws thousands of Greek and international students each year, and purpose designed, well managed housing in the very centre remains in short supply. Five floors lend themselves naturally to a managed, high occupancy residence.
-Senior living in the city. Comfortable, lift served apartments for older family members who want to remain in the centre, close to their children, their doctors and the life of the city rather than isolated in the suburbs. A growing and underserved market in Athens.
-Boutique offices. The building already works as a professional address, and small independent businesses continue to look for characterful, self contained floors in a genuinely central location with an address people recognise.
-Hotel or serviced apartments. A view of the Acropolis, an entrance on a main commercial street, and 1,150 square metres to work with. Few buildings in central Athens offer a hospitality operator this combination.
These directions are not mutually exclusive. A mixed scheme, with commercial use at street level and residential or hospitality above, may well produce the strongest return of all.
For the full information pack and to arrange a viewing. ·
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