2679748 Entire Building For Sale – 480 Sq.M. | Exarchia – Neapoli, Athens €1.800.000

Originally constructed around 1930, the property combines the architectural character of a traditional Athenian building with significant potential for modern residential and commercial development.

The building extends across a basement, ground floor with mezzanine, two upper floors and a rooftop level.

A structural reinforcement project has been carried out throughout the building’s load-bearing framework, incorporating enhanced earthquake-resistant design specifications.

An architectural restoration and redevelopment study has also been prepared, proposing the creation of modern residential apartments on the upper floors, a commercial unit on the ground floor and an auxiliary-use basement.

The architectural study is currently at the final approval stage and has been uploaded to the relevant Ministry website.

BUILDING LAYOUT & PROPERTY BREAKDOWN
The proposed configuration comprises the following individual units:
- Basement: 53.15 sq.m., suitable for auxiliary use
- Ground-floor commercial unit with mezzanine: 147.84 sq.m., with provision for use as a food and beverage or other health-regulated business
- First floor: Two apartments measuring 63.74 sq.m. and 39.12 sq.m.
- Second floor: Two apartments measuring 63.74 sq.m. and 39.12 sq.m.
- Rooftop level: One apartment measuring 41.29 sq.m.

The proposed layout creates multiple independent residential units alongside a commercial space, offering flexibility in terms of ownership, management and future exploitation.

TECHNICAL SPECIFICATIONS & FEATURES:
- Approximate total building area: 480 sq.m.
- Original construction: circa 1930
- Structural reinforcement of the load-bearing framework
- Architectural restoration and redevelopment study
- Air conditioning
- Wooden window frames with double glazing
- Energy Performance Certificate: Class B
- Flooring: Ceramic tiles and wood
- Elevator
- Internal staircase
- Video intercom system
- Electricity supply
- Furnished interiors.

PRIME LOCATION – EXARCHIA, ATHENS:
The property enjoys an excellent central location, with convenient access to the metro, public transportation, parks, squares, shopping facilities, supermarkets, restaurants, cafés and entertainment venues.
It is also situated within easy reach of major universities, museums, embassies, the Acropolis and Athens’ historic city centre.
Exarchia – Neapoli is an established urban neighbourhood with a strong residential, commercial, cultural and academic presence, making it an attractive location for a variety of real estate investment strategies.

A DISTINCTIVE INVESTMENT OPPORTUNITY:
This independent building offers considerable potential for investors seeking a substantial property in central Athens.
The proposed combination of multiple residential apartments and a ground-floor commercial unit provides the opportunity to develop a mixed-use property with different potential revenue streams.
Its architectural character, structural reinforcement, redevelopment study and strategic location make it a particularly interesting proposition for investors looking to acquire and reposition an entire building in the heart of Athens.

Asking Price: €1,800,000

RESIDENCE IN GREECE
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