Investment Opportunity: Prime Detached Building in Athens Center
Property Overview
An independent, multi-story building with a total above-ground area of 1,412 sq.m., situated in a strategic central location. The upper floors offer a unique, unobstructed 360° panoramic view of Athens' most iconic landmarks: the Acropolis, Philopappou Hill, Lycabettus Hill, and Mount Parnitha.
This is a high-yield investment asset with a secured monthly income of €10,000, and a projection to reach €11,500–€12,000 through the exploitation of the rooftop penthouse. The building requires renovation to reach its full potential.
Floor Layout
Ground Floor: 195.35 sq.m.
Mezzanine: 105 sq.m.
1st to 5th Floors: 187.39 sq.m. each
6th Floor (Recessed): 162 sq.m.
7th Floor (Rooftop/Penthouse): 15 sq.m. with an expansive, exclusive-use terrace.
Note: In 2022, €250,000 (approx. €200/sq.m.) was invested in space configuration to support the current lease.
Investment Highlights
Secured Income: Existing lease agreement (excluding the rooftop) generating €10,000/month.
Hidden Value (7th Floor Rooftop): The penthouse features a separate entrance from the ground floor, allowing for autonomous exploitation as a Luxury Airbnb Penthouse. The addition of a Jacuzzi and a roof garden could generate an additional €1,500–€2,000/month.
Total Yield: By optimizing the rooftop exploitation alongside the existing lease, the property offers an exceptional estimated Yield of approximately 8%.
At your disposal for further information. We ensure an immediate response to your inquiry.
EXPANSION REAL ESTATE
Ioannis Koustenis
- Phone number: +302103317736
- Email: johnkoustenis@yahoo.gr
Business building for sale Agiou Meletiou - Victorias Square - Marni (Leoforos Patision - Leoforos Acharnon), € 1,800,000, 1,412 m²
- Business building
Code 19583554
€ 1,800,000
| Price per m² | € 1,275 |
|---|---|
| Neighborhood | Agiou Meletiou - Victorias Square - Marni (Leoforos Patision - Leoforos Acharnon) |
| Zone | Residential zone |
| Rooms | 7 |
| Floor | 7th |
| Construction year | 1980 |
| Renovation year | 2022 |
| Heating System | Central heating (Petrol) |
| Energy class |
C
|
| Levels | 7 |
| Bathrooms | 7 |
| WC | 7 |
| Status | Renovated, Painted, Equipped |
| Extra | Investment, Luxurious home |
- Freight elevator
- Balcony
- Airy
- Internal stairs
- View
- Structured cabling
- Pets welcome
- Air condition
- Without Monthly shared expenses
- Shop window length: 10 m.
- Secure door
- Road type: Asphalt
- Disabled access
- Facade
- Loading dock
- Current: Three phase
- Alarm
- Floors Type: Ceramic floor tiles
- Bright
- Furred ceiling