Land Plot for Sale

Code: 11-659
PIRAEUS – 897 sq m. PLOT FOR SALE WITH EXISTING BUILDING PRESERVED IN VIEWS & GREAT DEVELOPMENT PROSPECTS

A plot of 897 sq m. is available for sale in an extremely central location of Piraeus, with a facade and direct access to main roads and transportation axes. The property has a two-level building, with a total area of ​​1,794 sq m., which has been classified as preservable in terms of views.

The property is a unique opportunity for investors, as it offers multiple development possibilities:

INVESTMENT OPTIONS

A) Preservation of an existing building

• The building is fully leased.
• The existing leases yield an annual income of €100,000.

B) Construction of a new structure with preservation of facades

• Remaining building area: 1,974 sq.m.
• Total building area: 3,768 sq.m.
• Maximum permitted height: 32 m.

Indicative uses that can be developed:

1. Student housing (particularly attractive choice due to proximity to the University of Piraeus)
2. Shops on the ground floor & offices in the superstructure
3. Combination of parking & offices

LOCATION ADVANTAGES

• 600 m. from the Municipal Theater Metro stop and the central square of Piraeus (Municipal Theater – City Hall)
• Direct access to the Coastal Avenue and the National Highway
• 780 m. from the University of Piraeus
• 550 m. from the Port and the Metro & Electric Train stations “Piraeus”

The location is a hub of transportation and commercial activity, making the property ideal for mixed use, tourist or investment development.

SALE PRICE: €2,500,000

• The information and characteristics of the property were registered based on the information - data provided by the client.
• The point on the map does not correspond to the actual address of the property.
• When indicating the property, the police ID and the Tax Identification Number are required, in accordance with Law L.4072/2012 - Government Gazette 86/A/11-4-2012