Thiseio Luxury Boutique Hotel

€3,200,000

7 Bedrooms
7 Bathrooms
~354 m² Total surface
~354 m² Living area
~365 m² Plot surface

Description

Boutique hotel property in a prime location in Thissio, within walking distance of the Acropolis. Housed in a historic listed building dating back to 1900, fully restored and structurally reinforced, offering strong value-add potential through operational optimization and unutilized development rights. Development Rights: Approx. 800 sq.m. of unused building rights Subject to urban planning approvals Potential for vertical expansion or creation of additional spaces Outdoor Areas: Approx. 250 sq.m. landscaped garden with swimming pool Existing Layout 7 luxury suites (approx. 30 sq.m. each) Ceiling heights of up to 4.5 m Basement suitable for kitchen, wine cellar, spa or ancillary facilities Project Status: Restoration works substantially completed Remaining CAPEX: approx. €250,000 Sale on an as-is basis, offering flexibility to the investor Value-Add Potential: Addition of spa / wellness facilities Provision of treatments by licensed therapists, in accordance with applicable Greek regulations Estimated ADR: €450–550 per night Location Advantages: Immediate access to the Acropolis and the Thissio pedestrian zone Close proximity to key cultural and gastronomic destinations Quiet and high-quality residential area Limited supply of comparable assets Stable year-round demand

Features

BalconyGarden

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Evie Dima

Property ID: W-046MRC

Location: Thiseio, Athens

Named after Theseus, the mythical king of Athens, Thissio, just 1.5 kms from the city centre, is enviably one of the most charming neighbourhoods in Athens as it skirts the Acropolis and all the other ancient sites. Unique features: If ever there is a neighborhood where you’d feel the humbling sweep of history, it is Thissio. From the majestic views of the Acropolis to Pnyx Hill, where democracy was born, past the Stoa of Attalos and the National Observatory (which also hosts art installations), and the pedestrianized Apostolos Pavlou to admire it all from, Thissio is one of the most sought-after neighbourhoods in Athens. It is a peaceful Athenian middle-class neighbourhood with many cultural and edible treasures. Accessibility: Extremely well-connected by the metro (Thissio and Monastiraki stations), tram and bus services to the rest of Athens. The airport is 50 minutes to an hour away by express train and direct buses. Investment potential: This area is right in the centre of Athens, an area that has always enjoyed a lot of interest from buyers. Guaranteed returns on investment—