Investment land in Pagrati with high residential yield potential

460.000 €

~168 m² Grundstücksfläche

Beschreibung

This is an unparalleled opportunity to acquire a strategic 168.30 sq.m. plot in the highly sought-after central Athens neighborhood of Pagrati. The existing 2-story structure is designated approved for demolition, offering a clean slate to maximize the site's immense development potential under favorable urban planning metrics. The plot's metrics support a high-yield residential project: Building Coefficient (B.C.): 3.60 Maximum Coverage: 70% Maximum Height: Up to 21.80m (with pilotis) or 20.80m (with a ground floor apartment). The proposed vertical design concept capitalizes on a maximum building footprint of 9.19m x 12.93m to deliver an estimated 660 sq.m. of total sellable area. This project represents a definitive chance to maximize density and achieve exceptional returns in a central, established Athenian market.

Engel & Völkers Athens MMC

+30 211 1055000

Ihr:e Expert:in: Thanasis Bgialas

Engel & Völkers ID: W-048FNF

Ort: Pangrati, Athen

Location:Pangrati is a vibrant neighborhood in the center of Athens with a rich history and multicultural character. It is located within walking distance from the elegant Kolonaki area, offering easy access to entertainment, cultural, and recreational options. The neighborhood boasts a unique atmosphere with its traditional streets, picturesque squares, and rich culinary scene. Situated just 10 minutes away on foot from the city center, Pangrati is across from the National Garden and behind the Kallimarmaro Stadium. Unique features: Pangrati, also known as Vathrahonisi or the “Island of Frogs” is an emerging creative area filled with traditional cafes, bars, and parks. It maintains the genuine neighborhood feel, providing easy access to schools, supermarkets, galleries, and museums such as the Museum of Modern Art of the Goulandris Foundation. Moreover, it is within close proximity to most attractions in the area. Accessibility: The area enjoys excellent connectivity with the metro, tram, and buses serving the entire Athens area. The airport is approximately a 50-minute journey by train or bus. Investment potential: Pangrati is one of the most sought-after investment locations in central Athens. The dynamic nature of this area is undeniable, with stable returns ensuring the success of your investment.