2364338 Apartment For Sale, Ilisia, 240 Sq.M., €950.000

PRIME BARE OWNERSHIP OPPORTUNITY
Below-market prime residential asset with retained lifetime tenure
📍 Ilisia, Athens
Just a 10-minute walk from The Ilisian (formerly the Hilton Hotel).
A magnificent 6th-floor penthouse apartment of 240 sq. m., fully renovated to the highest standards and impeccably appointed, featuring an additional 60 sq. m. private terrace with breathtaking, uninterrupted views of Lycabettus Hill.
💰 Asking Price: €1,000,000 (negotiable)
Investment Structure
Bare Ownership Sale with Retained Lifetime Tenure
The owner, aged 74, proposes the sale of the bare ownership of the property while retaining a lifetime right of occupancy, under the following terms:
🔹 Initial Payment: €500,000 upon execution of the sale agreement, with title transferred immediately to the purchaser.
🔹 Deferred Consideration: €50,000 per year for 10 years (€4,166 per month).
🔹 Lifetime Occupancy: The seller retains the exclusive right to occupy and use the property for life.
🔹 Beyond the Payment Period: Should the seller live beyond the 10-year payment term, the right of occupancy remains fully protected for life, with no further payments due.
🔹 Early Passing of the Seller: If the seller passes away before completion of the agreed 10-year payment schedule, all remaining unpaid installments shall be automatically waived in favor of the purchaser. As legal ownership has already been transferred upon execution of the sale agreement, no additional transfer of title or further legal formalities shall be required.
✨ Key Highlights
✅ Prime Ilisia location, moments from The Ilisian and central Athens
✅ Luxury penthouse of 240 sq. m. plus 60 sq. m. private terrace
✅ Unobstructed views of Lycabettus Hill
✅ Immediate transfer of ownership
✅ Structured acquisition with deferred payments
✅ Attractive wealth-preservation opportunity
✅ Potential for significant long-term capital appreciation
✅ Rare opportunity to acquire a landmark residence in one of Athens’ most sought-after districts
✅ Enjoy complete tranquility indoors, thanks to high-quality double-glazed windows.
📍 Exceptional Location & Connectivity
Allegro Realty, contact phone: [hidden information], email: [hidden information], website: [hidden information] ελληνικά