Building at Akadimia Platonos, the new point of attraction

Price

€580,000

Living area352 m²

Plot surface125 m²

Amenities and special features of this house

This 5-storey building, with a ground floor shop and beautiful views of the Acropolis on the last two floors, is a long-term investment in the number 1 area of Athens which is estimated to offer large profits in the short term.The enhancement of the archaeological site of Plato's Academy and the creation of the Archaeological Museum of Athens, apart from their historical and cultural importance, also create a great opportunity for the whole area in terms of quality of life and daily life of its residents as well as commercial value through investment, entrepreneurship and modernisation of the area.The building is located in a quiet area , 200m from the Academy, is very well maintained and for the most part renovated.The size of the 8 apartments, the auxiliary spaces and the shop on the ground floor make it ideal for investment for a hotel type business ( e.g. youth hostel ) in combination with the artistic interest of the area.The close proximity to Athens Avenue and metro stations, such as Metaxourgeio, makes the area, due to the high demand for rental, a first class investment option with a minimum yield of 5%. *The Energy Performance Certificate is currently being issued.

Object type

Detached House

Rooms

Living area

352 m²

Total surface

474 m²

Plot surface

125 m²

Condition

Good

Construction year

1976

Energy certificate available

In progress

Energy source

Central heating, Oil heating

Features

Balcony

Basement

Built-in kitchen

Garden

Elevator

Akadimia Platonos: Location and surroundings of this property

The modern Akadimia Platonos neighborhood is a borough just outside Athens historical center. The new Plato cultural center is scheduled to open its venues for the public in the coming years. Visitors today can visit the archaeological site of the Academy located on either side of the Cratylus street in the area of Colonos and Plato's Academy aerea. On either side are important monuments, including the Sacred House Geometric Era, the Gymnasium, the Proto-Helladic Vaulted House and the Peristyle Building, which is perhaps the only major building that belonged to the actual Academy of Plato. Nowadays the modern borough is a quite area full of residences, cafes, modern stores. Residential prices are relatively low at the moment for this reason it has significang investment potential.

Get personal advice

Engel & Völkers
MMC Greece

2-4 Mesogeion Avenue, 11527, Athens

+302111055000

Engel & Völkers
MMC Greece

2-4 Mesogeion Avenue, Athens, 11527

Call shop

W-02PV4R – This is the Engel & Völkers property ID.

Evie Dima

EV MMC Greece S.A.

Website

Commission Details

Availability upon agreement. This material is based upon information, which we consider reliable, but because third parties have supplied it, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, and change of price or withdrawal without notice. Taxes, notary and registration fees shall be paid by the purchaser. The commission shall be paid by the seller and /or the buyer depending on the brokerage agreements in place.