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Greece
ERMOU
ATHENS
2.300.000 €
Purchase cost
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550 sqm
Total land area
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GENERAL INFORMATION
06
Sections
550 sqm
Total Size
ABOUT
This 550 sqm multi-story property offers excellent potential for conversion into 6-8 spacious apartments. With flexible layouts across multiple floors, it's a prime opportunity for residential development with attractive investment potential.
FLOOR BREAKDOWN
120 sqm
Ground Floor
130 sqm
First Floor
130 sqm
Second Floor
70 sqm
Third Floor
70 sqm
Fourth Floor
12 sqm
Doma
ADDITIONAL INFORMATION
Construction Site
Renovation Cost
Completed, ready to move
≈ 500.000€
INVESTMENT OPPORTUNITY
Offering a unique investment opportunity in the prime location of Ermou street, Athens.
PRIME LOCATION
Situated in the heart of Ermou Street, the property benefits from high foot traffic, proximity to attractions, and easy access to public transportation.
DEVELOPMENT POTENTIAL
The option to covert the floors into multiple apartments can significantly increase the property's rental income potential.
VALUE APPRECIATION
Real Estate values in prime Athens location tend to appreciate overtime, making this investment a potential long term- asset.
FLEXIBLE USE
The property's versatility allows for various usage options, such as residential rentals, commercial spaces, or a combination of both.
UNIQUE SELLING POINTS
01
Situated in the heart of Ermou Street, a busting commercial and shopping area, the property benefits from high foot traffic, proximity to attractions, and easy access to public transportation.
PRIME
LOCATION
02
The property's multiple floors and flexible layouts offer various possibilities for customization and adaptation to different uses.
VERSATILE
SPACE
03
All year-round tourism. Ensuring an open eye on the site.
TOURISM
04
Guests can easily access popular attractions/areas such as Monastiraki square, Syntagma square, Acropolis and Paratheon, Plaka, Ancient Agora of Athens and National Guard.
PROXIMTY TO ATTRACTIONS
05
30 mins drive by car & 46 mins by Subway, 1 hour by Bus.
ARCHEOLOGIST
SITES
TARGET MARKET
TOURISTS
The property's location in a vibrant commercial area, with easy access to attractions and public transportation, makes it a suitable choice for tourists seeking a central and convenient base.
STUDENTS
The central location in Ermou Street, close to universities and educational institutions, makes the property an attractive option for students seeking affordable and convenient accommodation.
LOCATION
Easily accessible places by car
Airport
20 minutes
15 km
Restaurant
2 minutes
950 meters
Coffee
3 minutes
1.2 km
Pharmacy
5 minutes
1.9 km
POTENTIAL GROWTH
INTERIOR DESIGN
Update the interior design to create a modern
and appealing aesthetic that attracts tenants.
ENERGY EFFICIENCY
Implement energy-efficient upgrades such as new windows, insulation, and lightning to reduce operating costs and attract environmentally conscious tenants.
ACCESSIBILITY
Ensure the property is accessible to guests with disabilities by making necessary modifications
to common areas and units.
ROOFTOP TERRACE
If feasible, create a rooftop terrace with panoramic views of
the city. This can be valuable amenity for attracting tenants
and generating additional income through events or rentals.
PARKING
Explore the possibility of providing parking facilities, either on-site or through partnerships with nearby parking garages. This can be significant selling point
in a city like Athens.
FIND THE
PERFECT PROPERTY
Explore our unique property collection and find the perfect match for your lifestyle.
Your dream home awaits!
CONTACT US
Whether you're looking for a prime office location or have inquiries about our services, our team is here to assist you.
KSA: +966 542 676 851
LB: +961 3 161 558
