Building for sale in Athens, Greece.

The property is located in a central area in the sought after Psiri neighborhood, the building has undergone extensive renovation, with tremendous potential for improvement and excellent rental income.

Building details:

– Total area: approx. 370 sqm

Division:

– Basement floor: approx. 100 sqm

– Ground floor: approx. 100 sqm, currently used as an active winery

– 1st floor: approx. 100 sqm, divided into two apartments

– 2nd floor: approx. 70 sqm, completely new construction! Large apartment that can be divided into two apartments

– New elevator in the process of being installed, to be completed by the end of October 2025

– Full renovation to an extremely high standard, modern and aesthetic appearance

Yield and commercial:

– Currently rented for €7,000 per month

– Tenants can be evicted at the time of sale if necessary

– Potential to increase the housing units to 4 apartments + commercial uses

– Possibility to also convert the ground floor into 2 apartments and significantly increase the income

– Suitable for Airbnb investment/short-term rental – Popular tourist area with high demand