Building for Sale

FOR SALE by OWNER: Apartment complex in the historical center of Athens for excellent business - boutique hotel or modern hostel The price includes: 1. Building 622 sq.m 2. Plot of land 262 sq.m 3. Project documentation for renovation approved by Athens authorities 4. License for renovation issued by Greek authorities The BUILDING LICENSE for renovation is issued in July 2024 and valid till 2028! With this property the new Owner saves at least 3 years on project development and obtaining the necessary licenses for renovation of the building. ABOUT THE PROJECT 3-story mansion built at the beginning of the 20th century, located in the central district of Athens. There are two 3-bedroom apartments on each floor. In total 6 apartments with an area of 83-96 sq. meters each apartment. Each apartment may be splited into two double-room units with private bathrooms. In total there could be 12 double-room units. The building is in good condition and requires minimal investment for renovation. IT’S A PERFECT PROPERTY FOR RENTAL BUSINESS LOCATION - 450 m to the Metaxourgeio subway station - 900 m to the Monastiraki Square - 1,5 km to the Plaka - 1,5 km to the Acropolis of Athens - Numerous shops, restaurants, coffee shops and bars are within walking distance KEY FEATURES - Possibility of placement in the building a 24-hours concierge service for guests and residents of apartments - Possibility of placement in the building cleaning service for apartments - Private roof garden with BBQ and lounge area DETAILS OF THE PROJECT - **The building is for sale as it is, in its current condition with the project for restoration. - **All project documentation necessary for restoration of the building is ready and made by the architectural office «Epsilon Architecture», Athens. - **All approvals necessary for restoration of the building are received. - **Building license for restoration works is issued and valid till 2028.