APARTMENT BUILDING FOR SALE IN CENTRAL ATHENS

An apartment building for sale in central Athens, close to the university and in one of the most prestigious locations in Athens, with shady, tree lined streets. The 3 storey apartment building which has been well maintained, is within easy walking distance of the university campus, The Caravel, Hilton and Crown Plaza hotels and The nearest Metro station is a five minute walk.

Originally built in 1957, the building has been renovated, both internally and externally. It is divided into four apartments, providing 270 sq.m. of accommodation as follows;

Lower Ground floor

1 bedroom apartment 35 sq.m.

Ground Floor

2 bedroom apartment 73 sq.m.
I bedroom apartment 35 sq.m.

First Floor

Luxurious owners apartment of 130 sq.m. including hallway, a large kitchen, an impressive split level lounge with raised dining area, open fireplace, office, 2 bedrooms and a bathroom.

Roof Garden

Terrace of 121 sq.m. with views of the woods. On the terrace there is a small kitchen, w.c. and 30 sq,m, of storeage

Parking space for one vehicle

The building has the benefit of central heating and double glazing

The house has entrances both to the front and rear. As it is, the building makes an excellent residential investment, with owner’s accommodation and four other income producing apartments. There is constant demand for accommodation in Ilissia. The building is close to the university making it also suitable, with some internal re arrangement and refurbishment, for student accommodation. Its location is also ideal for an embassy.

apartment building for sale in Central Athens

REDEVELOPMENT POTENTIAL

Because of its location, the plot size (173 sq.m.) is large enough to permit the complete redevelopment of the site, creating a seven storey building with eight parking spaces. The maximum build area is 519 sq.m and the maximum height is 27 m.

Redevelopment of the building, could increase its potential as an investment, whether as student accommodation, residential apartments, or a dedicated use such as an embassy. Plans are available, for a proposed internal layout, if the building is to be redeveloped for residential use. It may be particularly suited to redevelopment as dedicated student accommodation.

Apartments in Ilissia command premium rentals. With an attractive asking price now reduced to 350,000 Euro, the building makes a compelling investment.

 

 

Property Features

  • Central Heating
  • Double Glazing
  • Roof Garden