Engel & Völkers
Elegant, multi-story building with white facade, brown shutters, and wrought-iron balconies. A parking sign and a white car are visible on the street.

One off investment opportunity

€2,750,000
  • 8 Rooms
  • 11 Bedrooms
  • 8 Bathrooms
  • ~600 m² Total surface
  • ~600 m² Living area

Description

In an area where the available properties for sale are constantly decreasing, this building is a rare investment opportunity with high yield. It is ready for immediate occupation without additional planning and renovation cost. It is a corner fully renovated neoclassical building of 1910 in the heart of Psirri. The renovation, which was done with high quality materials and aesthetics, was completed in 2020 and since then it has been operating as a very profitable hotel. In total it is 600sqm and it has 8 fully equipped apartments.
Features
Air-conditioningBalconyBasementFurnished
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Engel & Völkers Athens MMC

Your advisor: Theodoros Stamatogiannis

Property ID: W-02QAQ2

Property details

  • Object type

    Investment

  • Condition

    Very good

  • Rooms

    8

  • Bedrooms

    11

  • Bathrooms

    8

  • Number of Floors

    4

  • Total surface

    ~600 m²

  • Living area

    ~600 m²

  • Flooring

    Tiles, Wooden floor

Energy efficiency information

  • Construction year

    1910

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

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.

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Engel & Völkers Athens MMC

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EV MMC Greece S.A.

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