Hotel for Rent

Gravias str Central Athens A multi-level urban building is available for sale or long-term lease in central Athens, located at Gravias 8, with a total gross floor area of approximately 1,070 sq.m. The property is suitable for redevelopment into serviced apartments, a boutique hotel, or purpose-built student accommodation. The building is arranged over a basement, ground floor, and six upper floors, served by an elevator and central stairwell, offering clear vertical circulation and functional separation of uses. Floorplates are regular in size with adequate ceiling heights, allowing for flexible unit configurations, including hotel rooms, studios, and long-stay apartments. The asset benefits from a fully regularized legal and planning status, with no outstanding zoning or permitting issues, enabling immediate development planning without regulatory risk. Historically, the property was owned by the DEI Pension Fund and housed administrative offices of the Public Power Corporation (DEI) for many years, ensuring institutional-grade maintenance, structural integrity, and operational maturity. Its central Athens location provides direct access to public transportation, universities, cultural landmarks, and commercial districts, creating multiple demand drivers across: short-stay tourism (hotel use), long-stay and corporate accommodation (serviced apartments), student housing. The building’s structure supports phased redevelopment, allowing selective activation of floors and efficient capital deployment over time. Indicative Terms: Asking Price: €2,000,000 Indicative Rent: €15,000 per month Overall, Gravias 8 represents a clean, institutionally held urban asset with strong fundamentals, flexible repositioning potential, and multiple exit strategies, ideal for professional investors, operators, or funds seeking exposure to the Athens market.