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Investment building close to Varnava square

€600,000
  • 4 Bedrooms
  • 2 Bathrooms
  • ~300 m² Total surface
  • ~300 m² Living area
  • ~123 m² Plot surface
  • Construction year 1935

Description

An exceptional value-add opportunity in the heart of Pangrati, one of Athens’ most sought-after and culturally vibrant districts. Situated just steps from the lively, café-lined Varnava Square, this freestanding 300 sq.m. building offers complete ownership and an ideal blank canvas for forward-thinking investors and developers. Requiring full renovation, the property provides the versatility to create a high-yield project, a collection of contemporary serviced apartments catering to international travelers, or upscale residential units for long-term lease or individual resale. With strong year-round tenant demand, proximity to central transit, and steady capital appreciation driven by the area's thriving dining scene, an entire building of this scale in this micro-location represents a truly rare acquisition.

Features
BalconyTerraceElevatorFireplace
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Engel & Völkers Athens MMC

Your advisor: Eleni Koumpi

Property ID: W-04C5W8

Property details
  • Object type

    Semi-detached house

  • Bedrooms

    4

  • Bathrooms

    2

  • Number of Floors

    2

  • Total surface

    ~300 m²

  • Living area

    ~300 m²

  • Plot surface

    ~123 m²

  • Flooring

    Marble, Parquet, Tiles

Energy efficiency information
  • Construction year

    1935

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Type of heating

    Radiator

Location: Pangrati, Athens

Location: Pangrati is a vibrant neighborhood in the center of Athens with a rich history and multicultural character. It is located within walking distance from the elegant Kolonaki area, offering easy access to entertainment, cultural, and recreational options. The neighborhood boasts a unique atmosphere with its traditional streets, picturesque squares, and rich culinary scene. Situated

just 10 minutes away on foot from the city center, Pangrati is across from the National Garden and behind the Kallimarmaro Stadium.

Unique features: Pangrati, also known as Vathrahonisi or the “Island of Frogs” is an emerging creative area filled with traditional cafes, bars, and parks. It maintains the genuine neighborhood feel, providing easy access to schools, supermarkets, galleries, and museums such as the Museum of Modern Art of the Goulandris Foundation. Moreover, it is within close proximity to most attractions in the area.

Accessibility: The area enjoys excellent connectivity with the metro, tram, and buses serving the entire Athens area. The airport is approximately a 50-minute journey by train or bus.

Investment potential: Pangrati is one of the most sought-after investment locations in central Athens. The dynamic nature of this area is undeniable, with stable returns ensuring the success of your investment.

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