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House for Sale in Lycabettus.
ID A4-12715
€960.000
Property: For Sale
Prefecture: Athens
Bedrooms: 4
Bathrooms: 2
Property size: 280 m2
Plot size: 200 m2
Property Type: Houses / Villas
Municipality: Athens Center
Location: Kolonaki - Lycabettus
Ref No.: A4-12715
Levels: 4
Shops: 2
Apartment: 3
Description
House for Sale in Lycabettus. In one of the most distinctive and elevated areas of central Athens, this fully owned neoclassical building of 280 sq.m. on a 200 sq.m. plot presents a rare investment opportunity with architectural character and strong development potential. Located in the wider Lycabettus – Kolonaki area, the property combines historical identity with flexibility of use, offered 100% freehold, including full building coefficient of approximately 370 sq.m.
The building unfolds across four levels and is currently functional and inhabited, while offering clear scope for repositioning or redevelopment.
The building unfolds across four levels and is currently functional and inhabited, while offering clear scope for repositioning or redevelopment.
House for Sale in Lycabettus. In one of the most distinctive and elevated areas of central Athens, this fully owned neoclassical building of 280 sq.m. on a 200 sq.m. plot presents a rare investment opportunity with architectural character and strong development potential. Located in the wider Lycabettus – Kolonaki area, the property combines historical identity with flexibility of use, offered 100% freehold, including full building coefficient of approximately 370 sq.m.
The building unfolds across four levels and is currently functional and inhabited, while offering clear scope for repositioning or redevelopment.
On the ground floor, there are two independent retail units of approximately 30 sq.m. each, positioned on a central axis in the Neapoli – Exarchia area, ensuring steady exposure and commercial potential.
The mezzanine level features a 58 sq.m. apartment with a living room and one bedroom, benefiting from access to the courtyard and a more private residential atmosphere.
The first floor extends to 130 sq.m. and presents a bright and generously proportioned residence with two living areas, three bedrooms, one bathroom and one kitchen.
High ceilings reaching 4 meters enhance the sense of space, while the most recent renovation took place in 2020, maintaining a good level of functionality.
The second floor, also 130 sq.m., includes two rooms of 28 sq.m. and access to a 100 sq.m. rooftop terrace. This level requires renovation, offering an excellent opportunity for value creation, whether through redesign, expansion or conversion.
The property features an internal staircase, air conditioning, storage space and security door, while its east-west orientation ensures natural light throughout the day.
Although currently without a heating system, its structural integrity and neoclassical status provide a solid base for modernization or repositioning.
This is not a typical residential asset, but a complete building with mixed-use potential, suitable for serious investors seeking to unlock value through renovation, boutique hospitality use, long-term rental strategy or a combination of residential and commercial exploitation.
A property with presence, scale and underlying value, in a location that consistently holds its position at the core of the Athenian market.
House for Sale in Lycabettus. Location Information:
Lycabettus skirts the famed Mt. Lycabettus and overlooks Kolonaki, Athens’ upscale district. It is just a short 10-minute walk to the city centre.
Lycabettus is perched high above the city and is surrounded by the lush hills that lead up to the charming Ag. Giorgos church. You’re surrounded by greenery while being a short walk away from bustling cafes, restaurants, designer boutiques, cinemas and book- stores.
It is also very close to several museums, art galleries and theatres. Lycabettus has long been a coveted real-estate destination, offering a green oasis while being close to the city centre.
It is an area extremely well-connected by the metro, tram, and bus services to the rest of Athens. The airport is 50 minutes to an hour away by express train and direct buses.
This area is right in the centre of Athens, an area that has always enjoyed a lot of interest from buyers, offering guaranteed returns on investment.
Kolonaki is the undefeated champion of stylish neighborhoods in Athens.
The central neighborhood of Kolonaki is one of the oldest districts in Athens and a must-visit if you love to shop or want to spend a relaxing day people watching, whilst sipping a Greek coffee.
Kolonaki has seen a new wave of designer shops, cafe’s and restaurants emerge, which are upheld beyond the tourist season by its affluent residents.
From art galleries, luxury brands, hip boutiques and shoe emporiums, what I love about Kolonaki’s recent renaissance is the variety of international labels with equally impressive independent Greek designers appearing more and more around the district, bringing a bit more edge and color to the area.
The building unfolds across four levels and is currently functional and inhabited, while offering clear scope for repositioning or redevelopment.
On the ground floor, there are two independent retail units of approximately 30 sq.m. each, positioned on a central axis in the Neapoli – Exarchia area, ensuring steady exposure and commercial potential.
The mezzanine level features a 58 sq.m. apartment with a living room and one bedroom, benefiting from access to the courtyard and a more private residential atmosphere.
The first floor extends to 130 sq.m. and presents a bright and generously proportioned residence with two living areas, three bedrooms, one bathroom and one kitchen.
High ceilings reaching 4 meters enhance the sense of space, while the most recent renovation took place in 2020, maintaining a good level of functionality.
The second floor, also 130 sq.m., includes two rooms of 28 sq.m. and access to a 100 sq.m. rooftop terrace. This level requires renovation, offering an excellent opportunity for value creation, whether through redesign, expansion or conversion.
The property features an internal staircase, air conditioning, storage space and security door, while its east-west orientation ensures natural light throughout the day.
Although currently without a heating system, its structural integrity and neoclassical status provide a solid base for modernization or repositioning.
This is not a typical residential asset, but a complete building with mixed-use potential, suitable for serious investors seeking to unlock value through renovation, boutique hospitality use, long-term rental strategy or a combination of residential and commercial exploitation.
A property with presence, scale and underlying value, in a location that consistently holds its position at the core of the Athenian market.
House for Sale in Lycabettus. Location Information:
Lycabettus skirts the famed Mt. Lycabettus and overlooks Kolonaki, Athens’ upscale district. It is just a short 10-minute walk to the city centre.
Lycabettus is perched high above the city and is surrounded by the lush hills that lead up to the charming Ag. Giorgos church. You’re surrounded by greenery while being a short walk away from bustling cafes, restaurants, designer boutiques, cinemas and book- stores.
It is also very close to several museums, art galleries and theatres. Lycabettus has long been a coveted real-estate destination, offering a green oasis while being close to the city centre.
It is an area extremely well-connected by the metro, tram, and bus services to the rest of Athens. The airport is 50 minutes to an hour away by express train and direct buses.
This area is right in the centre of Athens, an area that has always enjoyed a lot of interest from buyers, offering guaranteed returns on investment.
Kolonaki is the undefeated champion of stylish neighborhoods in Athens.
The central neighborhood of Kolonaki is one of the oldest districts in Athens and a must-visit if you love to shop or want to spend a relaxing day people watching, whilst sipping a Greek coffee.
Kolonaki has seen a new wave of designer shops, cafe’s and restaurants emerge, which are upheld beyond the tourist season by its affluent residents.
From art galleries, luxury brands, hip boutiques and shoe emporiums, what I love about Kolonaki’s recent renaissance is the variety of international labels with equally impressive independent Greek designers appearing more and more around the district, bringing a bit more edge and color to the area.
Location
The property is situated at Athens, Athens Center, Kolonaki - Lycabettus.
Contact Agent
Ktimatoemporiki Real Estate
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