Description
Building for sale in Athens, Greece.
The property is located in a central area in the sought after Psiri neighborhood, the building has undergone extensive renovation, with tremendous potential for improvement and excellent rental income.
Building details:
– Total area: approx. 370 sqm
Division:
– Basement floor: approx. 100 sqm
– Ground floor: approx. 100 sqm, currently used as an active winery
– 1st floor: approx. 100 sqm, divided into two apartments
– 2nd floor: approx. 70 sqm, completely new construction! Large apartment that can be divided into two apartments
– New elevator in the process of being installed, to be completed by the end of October 2025
– Full renovation to an extremely high standard, modern and aesthetic appearance
Yield and commercial:
– Currently rented for €7,000 per month
– Tenants can be evicted at the time of sale if necessary
– Potential to increase the housing units to 4 apartments + commercial uses
– Possibility to also convert the ground floor into 2 apartments and significantly increase the income
– Suitable for Airbnb investment/short-term rental – Popular tourist area with high demand
