Grand investment in a top location in Plaka

€2,500,000

5 Bedrooms
6 Bathrooms
~590 m² Total surface
~590 m² Living area
~500 m² Plot surface

Description

Located in the heart of Plaka, one of the most historic and picturesque areas of Athens, this property combines the tradition with the modern dynamics of the city. The property spans a plot of land with a total area of 500 square meters approx. and includes listed buildings in need of full restoration, with a total area of approx. 590 square meters. The location of the property offers an open horizon and views of the Acropolis and Lycabettus Hill, enhancing its value and making it highly desirable for residential or investment purposes. The property is already in the process of obtaining a permit to begin restoration works, and the permit that is expected to be issued will allow for the creation of a single-family house. However, the area and the potential of the property also allow for other alternatives, such as the creation of three independent residences or even five smaller ones. This makes the property very flexible in terms of its development and future uses. Additionally, the property may include 2-3 parking spaces, which is a significant advantage given the very limited availability of parking spaces in Plaka, while its location offers immediate access to key areas and attractions. The investment interest in this property is particularly high, due to the numerous development opportunities it offers. Its unique location, the historical value of the building, and the flexibility in its development make it an excellent choice for those wishing to invest in an area that is continuously evolving and remains in high demand. Whether it is for an impressive single-family home or a series of independent residences that will serve the needs of modern residents or visitors to the area, the possibilities for this property are almost limitless. Purchasing this property is not just an investment opportunity – it is a unique chance to acquire a piece of historic Plaka and transform it into a modern living space, with unobstructed views and unique accessibility to all of Athens' landmarks, the Acropolis, and the city center.

Features

BasementGardenPatioTerraceOpen view

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Julia Lagou

Property ID: W-02YFW0

Location: Plaka, Athens

Location: 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.