Landmark Investment in Plaka, Athens

€7,500,000

40 Bedrooms
30 Bathrooms
~2,123 m² Total surface
~1,713 m² Living area

Description

In the most refined area of Plaka, this rare property awaits an investor to bring out its unique features: Large Size - Prime Location - Acropolis Views ________________________________________ Key Features •Unique Size: 1,713 sq.m. + 410 sq.m. basement. •Layout: Comprises 15 bright apartments and 7 retail shops, all fully vacant, across 5 floors. •Location: Situated on a sophisticated and cosmopolitan pedestrian street in the centre of Plaka. •Architectural Design: Features a distinctive arcade on the ground floor, perfect for conversion into luxury restaurants or boutique retail spaces. •Competitive Pricing: The property is priced exceptionally well, ensuring high returns on any type of investment • Multiple Usage Opportunities : -Short-term Rentals on the 15 apartments attracting visitors from around the globe. -Commercial Development: The arcade and 7 shops on the ground floor can house upscale businesses or restaurants with outdoor seating, creating a landmark in the area. -Luxury Residences: The rooftop, with its stunning Acropolis views, is perfect for high-end residences or an exclusive rooftop concept. A unique opportunity for investors seeking a timeless asset with growth potential. For anyone visualizing to establish a landmark property in Athens

Features

BasementTerraceGreen view

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Evie Dima

Property ID: W-02Y2YS

Location: Plaka, Athens

Described as the ‘Neighborhood of the Gods’, Plaka and the Acropolis area are right at the core of Athens’ historic center. A vibrant shopping and tourist district, with beautiful neoclassical homes lining its streets, it is Athens’ most charming neighborhood. Unique features: This is essentially Athens’ ‘Museum Mile’ with all the key archaeological sites and cultural venues located within a 1 km radius. It is home to the Acropolis Museum, voted as one of the top 10 museums in the world, to the Herod Atticus that still hosts plays and concerts as it did thousands of years ago. Trendy designer boutiques, cool cafes and restaurants as well as boutique hotels share space with neoclassical houses on largely pedestrianized streets. While tourists find it charming, there is also a real neighborhood feel and sense of community for residents. Accessibility: Extremely well-connected by the metro, tram, 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 historic center of Athens, an area that has always enjoyed a lot of interest from buyers. Guaranteed returns on investment.