Building for Sale

REDEVELOPMENT OPPORTUNITY – LISTED BUILDING CENTRAL ATHENS | HOSPITALITY / RESIDENTIAL REPOSITIONING Listed corner building of approx. 975 sq.m. GEA (above-ground area approx. 885 sq.m.), originally developed in 1910 and fully reinforced and renovated in 1990. The property operated historically as a 36-room hotel until the 1980s and was subsequently used as an educational facility. A lift and full structural reinforcement were added during the 1990 renovation. LOCATION & MARKET POSITIONING The asset is located in central Athens, in close proximity to Karaiskaki Square, within a rapidly evolving urban district with strong hospitality and residential demand drivers. -400 m / 6 min walk from Metaxourgeio Metro Station -600 m from Omonia Square The micro-location supports year-round hotel operations, serviced apartments, or centrally positioned residential use. Corner exposure, high ceilings, elevator, flexible internal layouts, auxiliary spaces, and roof area suitable for rooftop use (subject to approvals). REDEVELOPMENT ANGLES (Highest & Best Use) A. Hospitality *Reinstatement of hotel license is feasible. Suitable for boutique hotel, key system hotel, or brand affiliated urban hospitality. *Historic operation as a 36-key hotel provides a clear operational precedent. *(Possibility of long-term lease by agreement ; of interest to owner-operators and hotel groups.) B. Multi-Family Residential (Income-Producing) *Conversion into furnished apartments for short- and long-term rentals. *Central location supports strong occupancy fundamentals. *Flexible floorplans allow efficient unit mix design. C. Golden Visa–Oriented Residential *Conversion into individual contemporary residences within a listed building. *Appeals to overseas investors seeking regulated entry to the Greek market. INVESTMENT LOGIC *Clear repositioning upside through use conversion and operational reset. *Central Athens location with established transit connectivity. *Listed status combined with prior structural reinforcement reduces core redevelopment risk. *Multiple executable exit strategies: operate, lease, or sell by unit. STATUS & INFORMATION *The property requires renovation. *All technical, legal, and financial documentation is available upon request.