FOR SALE Investment property with many development prospects, with a total area of 890m² on a plot of 244m²

Ground floor: 2 Apartments of 46m² and 52m², as well as 2 Shops of 37m² and 41m² which have ancillary spaces and storage rooms in the basement of 33m² and 35m² respectively.

Basement: Store rooms of the shops, boiler room and an engine area for the lift.

A, B and C Floor: Each floor has 3 apartments with an area of 56m², 61m² and 89m²

Higher Level: It has been converted into a main use space – residential area of 31m² with a bedroom, kitchen and bathroom, as well as a common area – terrace.

The property is located in a central part of Athens with great commercial activity, direct access to numerous public transport and metro stations and very close to Educational Institutions, data that increase the prospects for its utilization in many ways.

It is a remarkable building constructed in 1935, for which a significant investment was made in 2005, when it was repaired and radically renovated with a new Repair License. Indicatively listed are the main repairs, works and upgrades that have been made to the building:

• Replacement of plumbing installations
• Replacement of electrical installations
• Repair of all roof and wall coatings, inside and outside the building
• Replacement of the insulation of the roof, inside and outside of the building, on all walls and ceilings.
• Replacement of all wooden floors
• Replacement of wall and floor tiles in bathrooms and kitchens in each apartment, at the ground floor shops and warehouses.
• Complete refurbishment of furniture in kitchens and sanitary ware in bathrooms in the houses and WCs in shops.
• Replacement of all doors (external and internal) and all windows
• Construction of the engine room (in the basement)
• Installation of a hydraulic lift
• Installation of gas network
• The building is kept in excellent condition, as it is continuously maintained and all the apartments and shops are leased under contracts that will gradually expire in the coming months.

The building can continue to be used as an apartment building with ground floor shops and can be a profitable investment. Its prospects in long-term or short-term leasing are numerous, depending on the investment plan of the new owner. Among other things, the building can easily be converted into student housing for Erasmus students and for students in the educational institutions of Athens, especially those in close proximity such as the Athens University of Economics and Business (AUEB). The building is also ideal for mixed residential and office use under the new urban real estate development model, but also suitable to be used exclusively as a professional space.

The property is free of encumbrances, the Electronic Building Identity is being issued and can be transferred immediately. Please contact us to provide you with any other information you require, to forward floor plans for all levels and additional material, and to arrange a visit to the property.

Property Code: LF239 | Exclusive Assignment: LANDFLOORS Call now at 6971850281 if you are interested in buying it.