Engel & Völkers

One off investment opportunity

€2,700,000
  • 8 Rooms
  • 11 Bedrooms
  • 8 Bathrooms
  • 600 m² Total surface
  • 600 m² Living area

Description

In an area where the available properties for sale are constantly decreasing, this building is a rare investment opportunity with high yield. It is ready for immediate occupation without additional planning and renovation cost. It is a corner fully renovated neoclassical building of 1910 in the heart of Psirri. The renovation, which was done with high quality materials and aesthetics, was completed in 2020 and since then it has been operating as a very profitable hotel. In total it is 600sqm and it has 8 fully equipped apartments. *The Energy Performance Certificate is currently being issued.

Features
Air conditionBalconyBasementFurnished
engel & völkers shop image

Engel & Völkers MMC Greece

Your advisor: Theodoros Stamatogiannis

Property ID: W-02QAQ2

Property details

Object type

Other

Condition

Very good

Rooms

8

Bedrooms

11

Bathrooms

8

Number of Floors

4

Total surface

600 m²

Living area

600 m²

Flooring

Tiles, Wooden floor

Energy efficiency information

Construction year

1910

Energy efficiency class

energy class icon

Energy certificate available

Yes

Location: Psyri, Athens

The area of Psyrri is one of the oldest in the city of Athens. Its first historical record dates back to 1687. It is located in the historical centre of Athens next to Monastirkaki. Like all city centre neighbourhoods, it has gone through many changes that are really reflected in its architectural character. Neoclassicism and Athenian Modernism coexist in a unique way, with buildings that were previously hosting small industries and shops. The contemporary district of Psyrri is a gathering point for all the creative communities of the city, like artists, musicians and fashion designers, who often run their studios here, and of course this along with its cafes, restaurants and bars is a big draw for tourists. It is a must in the Athenian nightlife with a variety of options. It is excellently connected by public transport to the rest of the city and airport. Monastiraki Metro Station is only 5 min walking distance from the main square of Psyrri (Plateia Iroon). No doubt the area has one of the highest investment returns in the real estate market of Athens and it attracts the interest of many investors either from Greece or from abroad.

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Your shop

Engel & Völkers MMC Greece

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Provider:

EV MMC Greece S.A.

Website

Commission details

Availability upon agreement. This material is based upon information, which we consider reliable, but because third parties have supplied it, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, and change of price or withdrawal without notice. Taxes, notary and registration fees shall be paid by the purchaser. The commission shall be paid by the seller and /or the buyer depending on the brokerage agreements in place.

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