Old Historical Building For Sale In Athens

Property Code: 1-1148 - House FOR SALE in Kentro Palia Vouli for € 1.500.000 Exclusivity. This 550.00 sq. m. House consists of 3 levels and features 3 Bedrooms, 2 Livingrooms, 2 Kitchens, 4 bathrooms . The property also boasts mosaic and wood floor, unobstructed view, Window frames: Wooden, a storage unit sqm, fireplace, ceramic roof, open space, internal staircase. The building was constructed in 1890 Plot area: 300 s.q. . Building Energy Rating: G Distance from sea 15000 meters, Distance from nearest airport: 35000 meters, Nearest metro station at 400 meters. Two historic listed buildings are for sale, located next to each other, suitable for tourism development as two boutique hotels.
There is already a prepared plan for additional construction, which is exceptionally permitted under the relevant Government Gazette (FEK) that includes special building regulations. This is the key advantage and added value of these two properties.
An architectural study has been completed that expands the total buildable area to 2,250 sq.m., while the existing buildings are 515 sq.m. and 550 sq.m. respectively.
According to the study, three additional floors can be added using a steel structure, creating a project of outstanding aesthetic value that blends modern design with the historical character of the buildings. The result preserves their heritage while enhancing the neighborhood, which is already undergoing significant positive development. Investors have already renovated an old hotel across the street, now operating as a 3-star hotel.
On the corner, the former school is being transformed into a modern complex of Airbnb apartments.
A neighboring multi-story building has been leased to a private investor for the next 50 years and is being renovated to become either a hotel or luxury modern apartments.
Finally, right on the square in front of the two buildings, next to a large underground parking facility, another property has been sold and will also be converted into a hotel.
Now is the right time to invest.
Prices are firm, but of course, an attempt at negotiation can always be made.