Unique building in the center of Psyri

€1,850,000

6 Bedrooms
6 Bathrooms
~628 m² Total surface
~628 m² Living area
~231 m² Plot surface

Description

It is a unique building in the heart of Psirri, just a few seconds from the Monastiraki metro station. The property has a total of 628 sqm which are distributed as follows Basement 145 sqm Ground floor 231 sqm Mezzanine 50 sqm First floor 202 sqm The property also has a remaining building factor which allows the new owner to build another 71.54 sqm increasing the potential of the property to 700 sqm. In the present situation the ground floor is not used while on the first floor there are six apartments which are used as tourist accommodation. The property is located in one of the most central streets of Psirri with thousands of tourists and residents of the city passing by every day. Bars, restaurants and public transport are literally next to it. Archaeological sites, museums and of course the unique monument of the Acropolis are easily accessible on foot. The building has excellent connectivity with the whole city, with the port of Piraeus and of course with the airport. The property is a unique investment for boutique hotel, serviced apartments, short or long term rental apartments or any other investment use.

Features

Air-conditioningBalconyBasementBuilt-in kitchenPatio

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Theodoros Stamatogiannis

Property ID: W-02YQIY

Location: Psyri, Athens

The area of Psyrri is one of the oldest in the city of Athens. Its first historical record dates back to 1687. It is located in the historical centre of Athens next to Monastirkaki. Like all city centre neighbourhoods, it has gone through many changes that are really reflected in its architectural character. Neoclassicism and Athenian Modernism coexist in a unique way, with buildings that were previously hosting small industries and shops. The contemporary district of Psyrri is a gathering point for all the creative communities of the city, like artists, musicians and fashion designers, who often run their studios here, and of course this along with its cafes, restaurants and bars is a big draw for tourists. It is a must in the Athenian nightlife with a variety of options. It is excellently connected by public transport to the rest of the city and airport. Monastiraki Metro Station is only 5 min walking distance from the main square of Psyrri (Plateia Iroon). No doubt the area has one of the highest investment returns in the real estate market of Athens and it attracts the interest of many investors either from Greece or from abroad.