2600429 Residential Building 365 Sq.M For Sale On A Plot 237sq.M , Nea Smyrni, 364 Sq.M., €680.000

FOR SALE – 364.90 SQM INDEPENDENT BUILDING ON A PLOT OF 237 sq.m. IN NEA SMYRNI

Excellent investment opportunity in a quiet and attractive street in Nea Smyrni, Athens, within close proximity to the local market, shops, restaurants and everyday amenities.

The property is an independent building with a total existing area of 364.90 sqm, situated on a 237 sqm plot, with a building factor (FAR) of 2.40 and a total permitted building area of 566 sqm.

Property details:

* Plot: 237 sqm
* Building coefficient (FAR): 2.40
* Total permitted building area: 566 sqm
* Frontage: 12 m
* Setback: 5 m
* Ground floor: 141.10 sqm
* Commercial space: 117.15 sqm
* Common areas: 23.95 sqm
* Mezzanine: 65 sqm
* First floor: 141.10 sqm
* Apartment: 125.10 sqm
* Common areas: 16 sqm
* Basement: 17.70 sqm
There is sufficient space for the installation of an elevator.
A key advantage of the property is its substantial remaining building potential. Out of the total permitted 566 sqm, approximately 364.90 sqm are currently developed, leaving significant scope for further development. Based on the available information, the possibility of adding further floors can be investigated, subject to verification by a qualified engineer and compliance with current planning, building and structural regulations.

Suitable for:

* Investors
* Developers / construction companies
* Exploitation of the remaining building capacity
* Development of additional residential units or other uses
* Redevelopment or renovation of the existing building
* Investment strategies potentially related to the Golden Visa programme, subject to the applicable legislation and eligibility requirements at the time of investment.

A rare opportunity in Nea Smyrni combining an existing building, a strategic location and significant remaining development potential.

The property was built in 1982. Its heating is Autonomous with Oil, Solar water system are also available, it has Alluminum frames with Double glazed windows, the energy certificate is: D and its floors are Tiles, Wooden. The property’s status is: Very good condition, it is close to Transportation, Park, Super Market, Local market, it has Openness view. The Residential Building is On Corner, With Facade, Bright, Dual-aspect and it also has the following unique features and advantages: Tents, Storage, Internal staircase, Security door. Price: €680.000. Realblue, contact phone: [hidden information], email: [hidden information], website: [hidden information]

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