Luxury Lofts in Kato Petralona Ideal for Golden Visa & Investment

€550,000

4 Bedrooms
4 Bathrooms
~128 m² Total surface
~128 m² Living area
~152 m² Plot surface

Description

A Unique Property for Sale in the Up-and-Coming and Easily Accessible Area of Kato Petralona. In the rising and easily accessible neighborhood of Kato Petralona, a unique property is offered for sale. Currently undergoing a high-quality renovation and conversion from a commercial space into a residential building, its completion is expected in October 2025. The property consists of four bedrooms and four bathrooms, distributed across three independent loft-style units, which can be sold either as a single property or individually, offering great flexibility to the buyer. The dimensions of the four independent lofts are as follows: 47.11 sqm (32.87 sqm + 14.24 sqm mezzanine) 29.3 sqm (19.77 sqm + 9.53 sqm mezzanine) 31.11 sqm (19.54 sqm + 11.57 sqm mezzanine) 19.64 sqm The renovation follows modern standards, using high-quality materials with an emphasis on both aesthetics and functionality. The interiors feature minimalist design, clean lines, and energy-efficient systems, ensuring the autonomy of each unit. The conversion from commercial to residential use has been completed legally, ensuring full compliance with all housing regulations. The location is highly advantageous — just five minutes from the Kato Petralona ISAP station, with easy access to main roads such as Pireos and Chamosterna, and close to schools, markets, restaurants, and green spaces. Its proximity to the historic center of Athens, Filopappou Hill, and Thissio makes it ideal for residential living as well as touristic use. The property appeals to buyers interested in acquiring a Golden Visa through real estate investment exceeding €250,000, to investors seeking immediate returns through long-term or short-term rentals, and to families or couples looking for a modern home with potential additional income. It is also perfectly suited for digital nomads, tourism professionals, or young buyers wishing to invest in an emerging Athenian neighborhood with strong prospects for capital appreciation.

Features

Air-conditioningBuilt-in kitchenPatioSecurity systemWheelchair accessible

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Stelios Psaroudakis

Property ID: W-030TBS

Location: Petralona, Athens

Location: Petralona is named after the Greek words 'Petrina Alonia' which means 'stone threshing floors', which were used in the area to thresh grain before urbanization. Petralona is just 4 kilometers away from the Athens City Center. The area is an emerging and alternative neighborhood of Athens. The district extends from Hamosternas Street to Poulopoulos Bridge and from Piraeus to the hill of Filopappos and is divided into Upper and Lower Petralona by the lines of the Electric Railway. Unique features: Kato Petralona is a welcoming neighborhood with a strong working-class element due to its location, the public transportation, affordable property prices and development opportunities that the area offers. It has become the focus of young people and investors. Moreover, Petralona offers a great variety of Theater scenes, bars and restaurants that are scattered throughout the neighborhood offering locals and foreigners a unique experience of both the Old and New Athens. Accessibility: Extremely easy access to the rest of Athens via central roads, good connection to the metro (Petralona Electric Railway Station), trolley and buses to the rest of Athens. The airport is 50 minutes away by train or bus. Investment potential: This area has always had a very strong residential interest and in recent years the tremendous development of food service sectors has brought new life to the district.