Building for Sale

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