Vivenda familiar 379 m², para restauro, Faros, Neo Psychiko

Engel & Völkers presents a rare investment opportunity in Faros Neo Psychiko, one of the most recognizable and commercially active areas of the northern suburbs. In a key location, in close proximity to the local market, shops, dining and leisure facilities, an entire building with a total area of ​​379 sq m is available, which is developed on a plot of 200 sq.m. with a building factor of 1.2. The property consists of a basement, ground floor and three (3) floors, offering a multitude of development possibilities, such as residential, commercial use, mixed development, depending on the needs and investment plan of the buyer. The existing structure needs renovation, enabling the new owner to completely redesign the building, upgrade it in terms of energy and aesthetics and create a modern property with high added value. The location of the property ensures direct access to main roads, connection to public transport, stable demand for both residential and commercial use. This is an ideal choice for investors looking for a property with strong development potential, in an area with timeless commercial and residential value. Neo Psychiko is a beautiful suburb in the northeastern part of Athens. Since 2011, it is part of the municipality Filothei-Psychiko.Its location is strategic, only 6,5km from the heart of the city, 7km from the Acropolis Museum and the Parthenon, 25’ from the Airport and yet a quiet residential area. Unique features:Neo Psychiko is one of the most sought-after neighbourhoods in Athens.Ideal for families, since it combines quality residential solutions with shopping area, private and public schools, sports facilities, health care and recreation at great proximity. Still, many young and senior residents enjoy the suburb’s advantages. Accessibility: Kifissias Avenue, a major circulation artery of the city is tangeant to the west border of the area.From Neo Psychiko, one can access Attiki Odos in 8’, EO Athinon-Lamias in 20’ or start the Athenian Riviera Promenade after only a 30’ drive. Investment: Currently, one of the top locations for property investment.