Investment opportunity in Agios Ioannis Rentis

€660,000

16 Bedrooms
8 Bathrooms
~680 m² Total surface
~680 m² Living area
~680 m² Plot surface

Description

Two-story building constructed in 1960 with a total area of 680 sq.m. On the ground floor there are two small shops and on the two floors there are 8 apartments with the largest of them 91 sq.m. and the smallest 49 sq.m. The rooms are comfortable and high ceilinged with many possibilities of conversion. The basement is 155 sq.m. and can easily serve as a storage room. The building is located just a 3-minute walk from the suburban railway station " Rentis" which ensures easy access to all of Attica and the airport. There is also a trolley bus service, making the transfer to the center of Piraeus and the port a matter of minutes. Its highly attractive price indicates that it is in need of renovation with many possibilities of utilization. It could operate again with its old character or be converted into a wonderful Youth Hostel. It provides ample space to house companies and offices and in the right hands could offer many investment opportunities.

Features

BalconyBasement

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Eleni Papadopoulos

Property ID: W-02U24Q

Location: Agios Ioannis Rentis, Attica

Location: Piraeus is just 12 kms to the south of Athens city center and is one of the most important commercial and passenger ports in Europe, servicing passenger traffic to more than 200 inhabited islands in Greece, whose main connection with the mainland is via the Piraeus port. Unique features: A family-friendly seaside neighborhood that still retains its authenticity, Piraeus is where Greece’s powerful shipping industry was born, and it retains its strong maritime character with most shipping companies as well as the Piraeus Marine Club and the Yacht Club of Greece based here. It is home to the beautifully restored Municipal Theater and the Archeological Museum of Piraeus. Piraeus has some of the most picturesque bays such as Mikrolimano, lined with upscale fish restaurants and has the usual big-city delights of shops, cinemas, theaters, and museums. Accessibility: Piraeus now has three new metro stations and now is well connected to the center of Athens and the rest of the suburbs, the route to the airport by metro is only one hour. Moreover Piraeus also has a tram, a railway station, and several bus lines. Finally, it is the main transfer station for passenger, commercial and cruise ships. Investment potential: The neighborhood benefitted hugely from the Piraeus Port Development, Flisvos Marina redevelopment and to the Stavros Niarchos Foundation, making it a prime choice for real estate investors.