Building for sale in Athens.
ID AB-1519

Building for sale in Athens. This exceptional four-story investment Property in Ilioupoli, with a total area of 1,051 sqm, combines modern amenities and a prime location, making it an ideal choice for long-term financial returns.

Constructed in 1976, the building is in excellent condition, well-maintained, and ready for energy upgrades that can significantly increase its value. Fully leased, with long-term contracts in place, the property ensures stable rental income, with leases offering an annual rent increase, ensuring consistent growth. Read more

Building for sale in Athens. This exceptional four-story investment Property in Ilioupoli, with a total area of 1,051 sqm, combines modern amenities and a prime location, making it an ideal choice for long-term financial returns.

Constructed in 1976, the building is in excellent condition, well-maintained, and ready for energy upgrades that can significantly increase its value. Fully leased, with long-term contracts in place, the property ensures stable rental income, with leases offering an annual rent increase, ensuring consistent growth.

The ground floor houses three commercial spaces, two of which are currently rented by reputable businesses, generating steady income. These shops, strategically located in a highly visible area, are already bringing in 1,500 to 2,000 euros per month per unit, with a 5% annual rent increase. The commercial units are perfectly suited for businesses seeking high customer exposure, offering excellent prospects for any type of commercial enterprise.

Above the shops, the building includes six spacious and well-designed apartments. Each unit is bright, featuring modern plumbing and electrical systems. The apartments, which have a thoughtful layout of kitchens, living rooms, bedrooms, and ample balconies, offer beautiful views, with the sea on one side and Mount Hymettus on the other. They are versatile, suitable for both residential and professional use, such as offices, providing a perfect solution for a variety of tenants.

Currently, the property generates an impressive annual revenue of 130,000 euros, yielding an estimated return of 5.5%-6%. However, with planned energy upgrades, this figure is expected to rise to 150,000 euros annually, boosting the return to an attractive 8%-10%. This, coupled with the anticipated increase in property values in Athens, particularly in the southern suburbs, promises both immediate and long-term financial growth.

The stability of rental income is reinforced by long-term tenants, including accounting firms and notary offices, which have a solid history of reliable payments, offering a sense of security to any investor. The building’s condition, both externally and in its common areas, is excellent, with no immediate maintenance needs, ensuring minimal operational expenses.

Moreover, the property is fully equipped with an electronic building identity, along with individual identities for each apartment and commercial space, making it well-prepared for energy efficiency programs that will lower operational costs while enhancing its future value.

The building’s location adds to its appeal, offering both commercial visibility and a comfortable residential environment. Its proximity to major roadways and public transport hubs, along with nearby shops and services, significantly increases the demand for both the apartments and the commercial spaces.

This property offers an outstanding blend of stability and potential for growth, making it an ideal choice for serious investors seeking long-term returns and a solid foothold in one of Athens most sought-after areas.

Building for sale in Athens. Location Information:

Athens is a city of different aspects. A walk around the famous historic triangle (Plaka, Thission, Psyri) the old neighborhoods, reveals the coexistence of different eras.

Old mansions, well-preserved ones and other worn down by time. Luxurious department stores and small intimate shops, fancy restaurants, and traditional taverns. All have their place in this city.

The heart of Athens beats in Syntagma Square. Where Parliament and most of the Ministries are. Monastiraki, Kolonaki, and Lycabettus Hill attract thousands of visitors all year round.

A few kilometers from the historic center in Faliro, Glyfada, Voula, and Vouliagmeni, you can enjoy the sea breeze. Or you can head up north and enjoy the fresh air at the more classy neighborhoods of Marousi, Melissia, Vrilissia, and of course Kifisia.

The capital is famous, more than any other European capital, for its nightlife. Athens by night totally changes.

The options for entertainment satisfy all tastes. The famous “bouzoukia” are the leaders in the Athenian entertainment. While the numerous theaters all around Athens offer a different type of entertainment. Athens is a divine city.

You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.