Top location investment building in Ano Ilisia

€1,000,000

~517 m² Total surface
~517 m² Living area
~143 m² Plot surface

Description

Located in one of the most privileged and high-demand neighborhoods of Athens, this 517 sq.m. residential building spans 4 floors plus a rooftop level and includes 7 existing apartments, 2 of which are penthouses. Positioned in a truly strategic spot, the property offers 3’ walk to the University Campus of the National and Kapodistrian University of Athens, 2’ walk to the upcoming “Ilisia” metro station, direct 10’ bus connection to the city center. This makes it an exceptional investment asset with multiple development possibilities. It is ideal for conversion into modern, smaller apartments with consistently high demand, student or professional housing, short-term rental operation, development of a student residence or the creation of a boutique hotel. The building is in very good condition and offers substantial potential for redesign and layout optimization, ensuring a high projected return on investment. A truly compelling opportunity in a steadily performing area with constant demand and long-term growth prospects.

Features

GardenTerraceOpen view

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Ellie Matsika

Property ID: W-046CZC

Location: Zografou, Attica

Ano Ilisia- Zografou: Location and surroundings of the property The area of Zografou is located 3km from the center of Athens and next to the main avenues of Vas. Sofias, Katehaki and Kifissias with direct access to Attiki Odos to the Airport. Unique features The area is home to two major campuses: the Athens University Campus and the Polytechnical University (Polytechneion), so it is a very lively area but at the same time suitable for families. Cafes, restaurants, a large market along with quiet neighborhoods, the area gives all the options for an ideal urban life. Accessibility Extremely well connected to all arterial roads - Kifissias Avenue, Vouliagmenis Avenue and Mesogeion - making it a truly central point to connect to the rest of the city. The airport is 50 minutes to an hour away by metro and 30 minutes by car, while the city centre is 10 minutes away by car. There are regular bus services to the rest of Athens, as well as the Megaron Mousikis and Ambelokipi metro stations. The new metro line 4 is expected to serve the area with 4 new stations. Investment opportunities Being close to the historic city centre with 2 major campuses, the area is highly sought after not only by students, but also by families and investors. Airbnb rentals and residences are a safe investment prospect, with a guaranteed return on investment.